Please answer questions 20-23

Which statement is False as it regards Mixed Costs Costs that contain both a variable and fixed cost element CVP analysis provides for mixed cost not being classified into their elements. e) Change in total but not proportionately with changes in activity level d) Mixed Cost have a relevant range. A) A is False B) B is False C) C is False D) D is False 21) Which statement is False as it regards Relevant Cost a) Relevant cost will always determine that renting or leasing is better than buying. b) Relevant Cost are used to determine whether to eliminate an unprofitable product. c) Relevant Cost is used to consider in repairing or retaining or replacing equipment. d) Relevant Cost is used to determine selling or process a product further a) A is False b) Bis False c) C is False d) D is False 22) Which statement is False as it regards High Low Method: a. The costs incurred at the high and low levels of activity to classify mixed costs into fied and variable components. Level low activity level from the total cost at that level. b. Variable Cost per unit were the change in Total Cost divided by the Difference in Activity c. Fixed Cost were assigned based upon subtracting the total variable costs at either the high d. The Variable and Fixed Cost divided by the total activity provides the Total Cost. A) A is False, e.g. utilities. B) B is False C) C is False D) D is False 23) Which statement is False as it CVP Income Statement: A. The Statement deduets the variable and fixed cost from the Sales to get th Net Income. B. The Income Statement does not determine the Contribution of Margin. C. The Sales less the Variable cost gives us the Contribution of Margin. D. The Contribution Margin is the Net Income divided by the Unit Selling Price. A) A is False B) B is False C) C is False d) D IS False