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Which of the following statement about CVP graph is incorrect? The X - axis represent the volume of activity ( e . g . ,

Which of the following statement about CVP graph is incorrect?

The X

-

axis represent the volume of activity

(

.

.,

units sold

)

The intersection between total cost and total revenue lines is the breakeven point

The

Y -

axis represent cost or revenue in dollar amount

Total costs increase in direct proportion to the volume of activity

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