Direct manufacturing costs ________.

Select one: a. includes direct material and direct labor b. can not be traced to the product that created the costs c. includes direct material only d. It is called manufacturing overhead The equation which reflects a CVP income statement is

Select one: a. Sales Variable costs + Fixed costs = Net income b. Sales = Cost of goods sold + Operating expenses + Net income. c. Sales Variable costs Fixed costs = Net income d. Sales + Fixed costs = Variable costs + Net income Breakeven point in units is ________.

Select one: a. the sum of fixed and variable costs divided by contribution margin per unit b. total costs divided by profit margin per unit c. contribution margin per unit divided by total cost per unit d. fixed costs divided by contribution margin per unit