CIRCLE THE CORRECT ANSWER: 1) Costs that remains unchanged in total despite variations in volume of activity within the relevant range are: A) Curvilear cost B) Total Variable costs C) Total Fixed costs D) Standard costs Cost that change in proportion to changes in volume of activity are A) Incremental costs B) Total Variable costs C) Total Fixed costs D) Product costs 2) Which of the following statements is NOT true? 3) A) Total fixed costs remain the same regardless of volume within the relevant range B) Total variable costs change with volume ariable costs per unit remain the same regardless of volume within the relevant range ) Fixed Costs per unit remain unchanged within the relevant range 4) In CVP Analysis, total costs are defined as costs derived from product costs and periods costs. TRUEFALSE n using CVP Analysis, Net Profit (positive NI) would occur when Fixed Costs (Fc) 5) Whe exceed total Contribution Margin. FALSE TRUE Margin of Safety (MOS) in dollars indicates how much sales must decrease before the company will be operating at a loss. 6) FALSE TRUE 1) In determining the number of Break Even (8-E) units to sell in order to obtain the amount of B-E dollars, the equation would show Fixed Costs divided by Contribution Margin (CM) per unit. FALSE TRUE On the Cost-Volume-Profit chart graph, the area below the Total Costs Line and above the Total Revenues Line represents profit. FALSE TRUE A company with a high degree of Operating Leverage will have a higher amount of their costs as Fixed Costs compared to a lower degree of Operating Leverage. ) FALSE TRUE