Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. Cost-volume-profit analysis is used for a. analyzing the effects of changes in costs on profits b. analyzing the effects of changes in volume on profits c. determining selling price d. All of these choices are correct. 2. Contribution margin is the . a. difference between sales and fixed costs b. difference between sales and total costs c. difference between sales and variable costs d. None of these choices are correct. Click to watch the Tell Me More Learning Objectlve 3 video and then answer the questions below. 1. Which of the following formulas is used to calculate break-even units? a. Fixed Costs + Unit Contribubion Margin b. Variable Costs Contribution Margin Percent c. Variable Costs Unit Contribution Margin d. Fixed Costs Contribution Margin Percent 2. What effect does the increase in fixed costs have on the break-even units? a. Decrease b. Increase c. No-effect d. None of these choices are correct. 3. If a company decides to increase the selling price of its product, what is its effect on break-even point? a. Decrease b. Increase c. No-effect d. None of these choices are correct