Question
Which of the following is a key assumption of cost-volume-profit? Costs must be variable. Changes in total cost are strictly due to changes in activity.
Which of the following is a key assumption of cost-volume-profit?
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Costs must be variable.
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Changes in total cost are strictly due to changes in activity.
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Costs must be fixed.
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There is an exponential relationship between cost and volume.
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Auditing
Authors: Alan Millichamp, John Taylor
10th Edition
1408044080, 978-1408044087
