1.)

Which of the following statements is false? Multiple Choice O The break-even point is the level of sales at which the total sales dollar amount equals the total fixed costs. O Operating leverage is a measure of how sensitive net operating income is to a given percentage change in dollar sales. O Margin of safety is the excess of budgeted or actual dollar sales over the break-even dollar sales. O Sales mix refers to the relative proportions in which a company's products are sold.Which of the following is not an underlying assumption of cost-volume-profit analysis? Multiple Choice O Selling price is constant. O Variable cost per unit is constant within the relevant range. O In multiproduct companies, the mix of products sold remains constant. O The average fixed cost per unit increases as the level of activity increases