answer all t/f

TRUE/FALSE. Write T if the statement is true and 'F if the statement is false. 51) 51) The fundamental assumption of cost-volume-profit (CVP) analysis is that in the long-run fixed costs become variable costs 52) The margin of safety can be used to evaluate a company's plans for the future. 53) If a company reduces its fixed costs, the operating income will increase by the same amount as the 4) If variable costs go up, and all other factors remain the same, the margin of safety will become 52) 53) cost reduction. e cosots go up. and all other factors remain the same, the margin of safety wil become54) smaller 55) Total variable costs change in direct proportion to a change in volume 56) Absorption costing considers fixed selling and administrative costs as product costs 55) 56) 57) When there are no units in the beginning finished goods inventory and the units produced are 57) more than the units sold, the operating income will be higher under absorption costing than variable costing 58) Fixed costs divided by contribution margin per u 59) Variable costing 's used for external reporting purposes, and absorption costing is used for internal 59) 60) Grantharm Company sells two products. X and Y. For the coming year, Grantham unit equals breakeven point in unit sales 58) decision-making purposes its of X and 10,000 units of Y. The contribution margins of the two products are $5 and $3, respectively The weighted-average contribution margin would be $5.50