1. Differential profit indicates that a decision is expected to decrease income.

Select one:

True

False

2. Differential analysis can be used to decide whether to make or buy a part. Select one:

True

False

3.The normal selling price is equal to the cost amount per unit minus markup.

Select one:

True

False

4. In setting up a product normal selling price, only the cost of manufacturing the product (product costs) are included in the cost per unit.

Select one:

True

False

5. The first step in setting up a product selling price is determining the markup percentage.

Select one:

True

False