2)The sales price per unit of a widget is $19 per unit. The variable costs per unit is $5. Total fixed costs were $28,987. The ABC Company sold 5,000 units. Income from operations is $70,000.

A) True

B) False

3)The salary of the company CEO is an example of a controllable cost.

A) True

B) False

4)The Candy Shoppe reported sales of $67,000, contribution margin of $45,000, and income from operations of $17,457. Total variable costs for the company are $27,543.

A) True

B) False

6)The XYZ Company reported Sales totaling $25,000 and a contribution margin of $7,500. Total variable costs for the company were $32,500.

A) True

B) False

8)With variable costs, total costs remain the same regardless of changes in the activity base.

A) True

B) False

9)The Candy Shoppe reported sales of $67,000, contribution margin of $45,000, and income from operations of $17,457. Total fixed costs for the company are $22,000.

A) True

B) False