Question: 1. (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following, except: A) all costs can be divided into fixed and variable elements. B)

1. (TCO 4) Assumptions underlying cost-volume-profit analysis include all of the following, except:

A) all costs can be divided into fixed and variable elements. B) total costs are directly proportional to volume over the relevant range. C) selling prices are to be unchanged. D) volume is the only relevant factor affecting cost.

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