its true or false

41. A company in its first year of operations incurred $1.200 in cost of goods manufactured Its income statement showed cost of goods sold of $800 and selling costs of $100. Its ending finished goods inventory was $200. ZZ. Company D has variable cost per unit of $20 and a sales price of $40 per unit. Its total fixed costs are $240,000. Company D's break-even point is 16,000 units 23. When one is preparing the cash budget, one would need the sales budget and the schedule of cash receipts. 24. A pro-forma income statement provides an estimate of a business's expected profitability for the budget period. 25. Cost Objects are items for which managers need to know the cost. Examples include products and departments. 26. To achieve a target profit, the total contribution margin generated from sales must be less than the fixed costs plus the target profit