XCO Question 22 Which of the following assumptions regarding cost volume profit (CVP) analysis is correct? Sales prices will change over time Total variable costs will remain unchanged over the relevant range Total fixed costs will remain unchanged over the relevant range Changes in technology will affect production costs All of the above Question 23 The level of operating leverage is important because: It affects the change in profit when sales change It predicts how much cost will be incurred at various levels of activity It is calculated using a statistical technique All of the above None of the above