True /false

1. The profit in the cost- volume-profit equations is the same as the net operating income on a contribution income statement. 2. As total sales increase beyond the break-even point, the degree of operating leverage will also increase. 3. The two basic costs associated with inventory are production cost and ordering cost. 4. All future costs are relevant in decision making. 5. A company with sales of $100,000, variable expenses of $70,000, and fixed expenses of $50,000 will reach its break-even point if sales are increased by $20,000. O 6. Variable costs are always relevant costs