Question 1 (1 point) Which of the following is not an underlying assumption of CVP analysis? a) Cost classifications are reasonably accurate. Ob) Changes in activity are the only factors that affect costs. OC) Sales mix is constant. U d) Beginning inventory is larger than ending inventory. Question 2 (1 point) In CVP analysis, the term "cost" includes only manufacturing costs. b) includes manufacturing costs plus selling and administrative expenses. O c) excludes all fixed manufacturing costs. Od) means cost of goods sold