Question 1 2 pts Which of the following statements is NOT true? Cost-volume-profit analysis is a predictive tool for identifying the impact of future cost changes, price changes, and volume of activity changes. Cost-volume-profit analysis can be used to analyze actual costs incurred, actual volume of activity, sales made, and profit earned. Cost-volume-profit analysis can be used to compute expected income from predicted sales and cost levels. Cost-volume-profit analysis requires management to classify all costs as either fixed or variable with respect to production or sales volume within the relevant range of operations. O o Question 2 2 pts The contribution margin ratio is: the percent of each sales dollar that remains after deducting the total unit variable cost. all of these the same as the gross margin ratio. the percent of each sales dollar that remains to cover the variable and fixed costs