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Which of the following statements are FALSE? (i) Breakeven analysis is useful in its application although it is based on linear relationships. (ii) Contribution is

Which of the following statements are FALSE?

(i) Breakeven analysis is useful in its application although it is based on linear relationships. (ii) Contribution is the profit of the business firm. (iii) Variable costs are mostly time based rather than being related to volume (iv) A sales revenue graph depicts the level of contribution for different volumes of activity.

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