QUESTION 12 Absorption costing considers fixed manufacturing overhead cost a product cost. True False QUESTION 13 Which of the following is an assumption for CVP (Cost Volume Profit) analysis? There are no changes in inventory levels. The only factor that affects total costs is a change in volume. The price per unit does not change as volume changes. All of the above are assumptions in CVP analysis. QUESTION 14 Based on the following, what is the Contribution Margin Ratio? Sell Price per unit Variable Cost per unit Fixed Costs in total $72 60.0% $120 $48 $30,000 0.24% 140.0% QUESTION 15 Fixed cost per unit will increase as production increases. True False