Select the incorrect statement regarding upstream and downstream costs. Companies normally incur significant downstream costs. To be profitable, companies must recover the total cost of developing, producing, and delivering products. Pricing decisions must consider both upstream and downstream costs in addition to manufacturing costs. Upstream and downstream costs are reported as product costs on the income statement. Benford Company produces a single product that sells for $90 per unit. Fixed expenses total $12,000 per month, and variable expenses are $60 per unit. The company's sales average 500 units per month. Which of the following statements is correct? the company's break-even point is 400 units per month the fixed expenses remain constant at $23 per unit for any activity level within the relevant range the company's contribution margin ratio is 40% responses a, b, and c are all correct Process costing is used to account for Homogenous products that are manufactured in a manufacturing facility Small products produced in batches Raw materials converted to finished goods Finished goods that are refined and processed Newell Company's variable expenses are 60% of sales. The company's break-even point in sales is $2,000,000. If sales are $60,000 below the break-even point, the company would report a? $16, 800 loss $24,000 loss $60,000 loss Cannot be determined from the data given An ordinary annuity is a series of equal payments made at the end of each period different payments made at the end of each period of equal payments made at the end of each day of equal payments made at the beginning of each period