13 QUESTION 4 a Indicate whether the following statements are true or false 1. All costs are controllable 2 Fixed cost does not change in the same proportion in which output changes 3 Variable cost per unit vanes with the increase or decrease in the volume of output 4. An tom of cost that is direct for one business may be indirect for another 5 Fixed cost per unit remains fixed when production increases/ decreases. (6 Marks) b. A company makes a single product that it sells at 80 per unit. The total fixed costs are :360,000 for the period and the contribution/sales ratio is 60% Budgeted production and sales for the period is 8,000 units Calculate for the period 1. Break-even point, in units 2 Margin of Safety, in units 3. Margin of Safety as a percentage of the budgeted sales (6 Marks) c Briefly explain the differences between Financial Accounting and Management Accounting (5 Marks) d. A company makes and sells two products Product A and Product B The sales price and expected sales volume for each product next year are as follows A 229556 acted 1 hour, 57 minutes remaining d Acompany makes and sells two products Product A and Product B The sales price and expected sales volume for each product next year are as follows Product A Product B Sales price per unit 250 400 Budgeted Sales volume 50,000 80 000 Required Prepare the sales budget for the company for next year. (3 Marks) e Define "Relevant cost and which costs will be considered as relevant while taking decisions and why? 16 Marks) Fill in your answer here 3. X Format . BI U X, XT