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1. Which of the following assumptions is false in a cost-volume-profit analysis? Total sales and total costs can be represented by straight lines. Within the

1. Which of the following assumptions is false in a cost-volume-profit analysis?

Total sales and total costs can be represented by straight lines.

Within the relevant range of operating activity, the efficiency of operations does not change.

Costs can be divided into fixed and variable components.

There are changes in the inventory quantities during the period.

2. Which of the following charts plot only a profit line rather than sales and cost lines?

Cost-volume-profit chart

Profit-volume chart

Profit-cost chart

Cost-volume chart

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