Question 5 (4 points) Listen are costs that require future expenditures of cash or other resources. Committed costs Sunk costs Opportunity costs Outlay costs Question 6 (4 points) Listen A basic assumption of the cost-volume-profit model is that: All costs can be accurately classified as either fixed or variable Higher volumes of product require lower prices Cost drivers can be organized into unit-level, batch-level, product-level and facility-level factors The mix of products changes over time