1. In a cost-volume-profit chart, the intersection of the total cost line with the sales line indicates the break-even point.

Group of answer choices

True

False

2.

The accounting cost data flow usually:

Group of answer choices

has little relationship to the physical product flow.

is behind the physical product flow.

precedes the physical product flow.

parallels the physical product flow.

3.

Expressing the change in net sales from one period to the next in both absolute and percentage terms is an example of horizontal analysis.

Group of answer choices

True

False

4.

Normally, the cost of direct labor will include the wages paid to janitors who clean the offices of production supervisors.

Group of answer choices

True

False