Indicate whether the statement is true or false. If the property tax rates are increased, this change in fixed costs will result in a decrease in the break-even point a. True b. False Cost-volume-profit analysis can he presented in both equation form and graphic form. a. True b. False If sales total $2,000,000. fixed costs total $800.000 and variable costs arc 60% of sales, the contribution ratio is 40%. a. True b. False Direct materials and direct labor costs are examples of variable costs of production. a. True b. False Prepaid expenses arc an example of an expense. a. True b. False Indicate the answer choice that best completes the statement or answers the question Carter Co. sells two products. Arks and Bins, Last year. Carter sold 14.000 units of Arks and 56.000 Bins. Related data are: What was Carter Co.'s variable cost of E