14. Which of the following statements is NOT true? a. For CVP analysis, mixed costs must be classified into their fixed and variable elements. b. The cost formula created by using the high-low method is based on just two of the sample data points (high point and low point). C. The cost formula created from using regression analysis is based on all of the sample data points. d. Compared to regression analysis, the high-low method usually provides more reliable estimates of the cost equation. 15. Sales Value of Processed Product Sales Value at Split-Off Point Incremental Revenue Cost to Process Further Incremental Profit Product A $200,000 $300,000 $95,000 $150,000 $110,000 $135,000 B Which product(s) should be processed further? a. Product A only b. Product B only c. Both Products A & B d. Neither Product A or B 16. The budget process involves doing all of the following except a. establishing specific goals b. executing plans to achieve the goals c. periodically comparing actual results with the goals d. dismissing all managers who fail to achieve operational goals specified in the budget