a "The production budget shows both unit production data and unit cost data." Is this true? Explain. b. Are selling and administrative expenses treated as product costs or as period costs under variable costing? c. What is meant by a product's contribution margin ratio? How is this ratio useful in planning business operations? d. As the discount rate increases, the present value of a given future cash flow also increases. Do you agree? Explain, c. Why are discounted cash flow methods of making capital budgeting decisions superior to other methods? f. Parker Company had $5,000,000 in sales and reported a $300,000 loss in its annual report to stockholders. According to a CVP analysis prepared for management's use, $5,000,000 in sales is the break-even point for the company. Did the company's inventory level increase, decrease, or remain unchanged? Explain g. "Cost-volume-profit (CVP) analysis is based entirely on unit costs." Do you agree? Explain. h. E Company has forecast sales to be $225,000 in February, S235,000 in March, $250,000 in April, and $240,000 in May. All sales are made on credit and sales are collected 60% in the month of sale, and 40% month following is the budgeted Accounts Receivable balance on May 31