Question 1 1 pts The range over which a company is expected to operate is called the relevant range of the activity index. True False Question 2 1 pts A mixed cost contains both selling and administrative cost elements. True False Question 3 1 pts Variable costs are costs that remain the same per unit at every level of activity. True False Question 4 1 pts If a salesperson incurs $2,000 of expenses in servicing two customers and $4,000 of expenses in servicing four customers, the fixed costs are $1,000. True False Question 5 1 pts if revenue = $80 and variable cost = 40% of revenue, then contribution margin = $48. True False Question 6 1 pts The contribution margin is the amount of revenue remaining after deducting fixed costs. True False Question 7 1 pts Sales mix is the percentage that each product represents of total sales. True False Question 8 1 pts If the unit contribution margin is $300 and fixed costs are $240,000 then the break-even point in units would be 800. True False Question 9 1 pts If the CVP income statement, contribution margin is reported in the body of the statement. True False Question 10 1 pts Margin of safety is the difference between actual sales and contribution margin. True False