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Which of the following statements is true? In CVP analysis, cost includes manufacturing costs but not selling and administrative expenses. The break-even point in sales

Which of the following statements is true? In CVP analysis, cost includes manufacturing costs but not selling and administrative expenses. The break-even point in sales dollars is variable costs divided by the weighted-average contribution margin ratio. Sales mix is a measure of the percentage increase in sales from period to period. The weighted-average contribution margin ratio of all the products is computed when determining the break- even point in sales dollars for a multi-product firm. Which of the following statements is true? Variable costing is the approach used for external reporting under generally accepted accounting principles Sales mix is not important to managers when different products have substantially different contribution margins When a company is in its early stages of operation, its primary goal is to generate a target net income The difference between absorption costing and variable costing is the treatment of fixed manufacturing overhead

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