PROBLEM VE 1. The break-even pint the level of sales at which revenue equal fixed costs. 2. Gross profit margin the sales price minus the variable cost per unit. 3. The income statemeni can be expressed as: True False True False Sales-Varible Expenses-Fixed Expenses - Net Income True False 4. The margin of safee is the difference between planned unit sales and break-evea sales True False 5. Only mangers of pr fit seeking organizations find the cost-volume-profit analyss is useful. True False 6. At the break-even?nt, net income may be positive. 7. After a certain poin a unit sold does not generate margin income. 8. The break-even point is when enough units are sold that total contribution margin True False True False equals to variable oost True False Total contribution True False 9, gin / total sales-100%-variable cost percentage