Discretionary Fixed Costs are Long term in nature and are recorded in the Balance Sheet.

True

False

50. The Classification factor that allows for the prediction of Breakeven is

Funtion

Behaviour

Relevance

Sunk Cost

53. Sales is $60,000, Variable cost is 30,000, fixed cost is 60,000. What is the Breakeven Sales in $.

70,000

120,000

80,000

100,000

45. Standard costing is a component of the Lean Business Model

True

False