Question 17 1 pts Which of the following statements is TRUE? olf sales total P2,000,000, fixed costs total P800,000, and Lariable costs are 60% of sales, the contribution margin ratio is 60% olf a business sells two products, it is not possible to estimate the break-even point o If yearly insurance premiums are increased, this change in fixed costs will result in an increase in the break-even point Rental charges of P40,000 per year plus P3 for each machine hour over 18,000 hours is an example of a fixed cost. Question 18 1 pts Statement. Unless the behavior pattern of each cost of a company is understood the impact of a company's activities on its costs will not be known until after the activity has occurred Statement II: The contribution income statement organizes costs according to behavior, Only Statement is True Only Statement Ilis True Both Statements are False Both Statements are True