A manufactured product has the following information for May. Units manufactured: 5,000 units Compute the MPV, MQV, LRV, and LEV and determine whether they are favorable or unfavorable. Miscellaneous questions: a. List the benefits of budgeting b. Define break-even point c. As sales volume increases, fixed cost/unit: a. increases b. decreases c. stays the same d. As sales volume decreases, variable cost: a. increases b decreases c. stays the same e. As sales volume increases, unit variable cost: a. increases b. decreases c. stays the same f. As sales volume increases, total fixed cost a. increases b. decreases c. stays the same g. As variable costs increase, break-even point: a. increases b. decreases c. stays the same h. As variable cost/unit decreases, pretax income: a. increases b. decreases c. stays the same i. Which budget must be prepared before the DM budget? j. Using direct material that is better quality than expected often results in: a MPV- f. MQV f c. MQV u d. LRV - u