Question: 1. All costs are either fixed or variable. The only difficulty in cost analysis is determining which of the two categories each cost belongs to.

1. All costs are either fixed or variable. The only difficulty in cost analysis is determining which of the two categories each cost belongs to." Do you agree? Explain.

2. How does CVP Help Decision Makers? What are the components of cost-volume-profit (CVP) analysis? How does a CVP income statement help management make decisions?

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