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not sure if my answers are correct. sos!! timed test If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero

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If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero when 15,000 units are sold. True or False True False The contribution margin ratio can be used to quickly calculate the change in net operating income when a change in sales units is given True or False True False For a period during which inventory units sold is less than inventory units produced, income from operations reported under variable costing will be smaller than income from operations reported under absorption costing. True or False True False Earthlings Inc started the year with 1,000 units in beginning inventory. They produced 17,800 units during the year, and sold 18,100 units. Net Operating Income is greater under Variable costing than Absorption Costing. True or False True False The area above the break-even point on the CVP graph, between the Sales and Total Cost line, is the Loss area for an organization True or False True False For a profitable company, when viewing the CVP graph, the Sales line will have a steeper slope than the Total Cost line. True or False True False At the break-even point, total contribution margin and fixed expenses are equal True or False True False An example of a variable manufacturing overhead cost is factory utilities. True or False True False Fixed manufacturing overhead costs are included as part of the finished goods inventory balance under the absorption costing concept. True or False True False

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