Question: 2. Classifying costs can help managers evaluate their product and make planning and control decisions. Explain how classifying your costs as Variable or Fixed can

2. Classifying costs can help managers evaluate their product and make planning and control decisions.

Explain how classifying your costs as Variable or Fixed can help a manager make the following determinations:

a) How many units must we sell to break even? (Minimum 40 words)

b) What will profit be if we lower selling price? (Minimum 40 words)

c) Should we add a new line of business? (Minimum 40 words)

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