A cost-volume-profit (CVP) chart is a graph that plots number of units produced on the horizontal axis and dollars of costs and sales on the vertical axis. True False On a typical cost-volume-profit graph, unit sales are shown on the horizontal axis and both dollars of sales and dollars of costs are represented on the vertical axis. True False Cost-volume-profit analysis cannot be used when a firm produces and sells more than one product. True False The proportion of sales volumes for various products in a multiproduct company is known as the composite mix. True False Using a traditional costing approach, which of the following manufacturing costs are assigned to products? Direct materials and direct labor. Direct labor and variable manufacturing overhead. Fixed manufacturing overhead, direct materials, and direct labor. Variable manufacturing overhead, direct materials, and direct labor. Variable manufacturing overhead, direct materials, direct labor, and fixed manufacturing overhead Under absorption costing, which of the following statements is not true? Over production and inventory buildup can occur because of how managers are evaluated and rewarded. The fixed costs per unit decline as more units are produced. Variable inventory costs are treated in the same manner as they are under variable costing. Fixed inventory costs are treated in the same manner as they are under variable costing. All manufacturing costs are assigned to products