Which of the statements with respect to costs are true a. Fixed costs does not change with the volume. b. Committed costs results in loss of flexibility for the organization c. Variable costs always arises because of committed costs 0 1 a 2 I do not want to answer this Question Statement a is the only true statement Statement A and C are true Statement A and B are true All are true 3 4 2 What should be the minimum price increase that will have a zero impact on net profit : Particulars Net Profit Margin Contribution Margin Increase in VC Increase in FC Price Elasticity 12% 42% 4% 1% -0.5 o I do not want to answer this Question 5.14% 1 2 3.34% 3 3.00% 4 4.14%