Question: The assumptions that underlie basic CVP analysis include all of the following except: a. when more than one product is sold, total sales will be

The assumptions that underlie basic CVP analysis include all of the following except: a. when more than one product is sold, total sales will be in a constant sales mix. b. all costs can be classified as variable or fixed with reasonable accuracy. c. the behavior of both costs and revenues is linear throughout the relevant range. d. All these are assumptions.

When there is beginning work in process, units transferred out are computed by subtracting: a. beginning work in process units from the units to be accounted for. b. ending work in process units from the units started into production. c. beginning work in process units from the units started into production. d. ending work in process units from the units accounted for.

Jameson Company desires net income of $1,100,000 when it has $2,500,000 of fixed costs and variable costs of 60% of sales. Required sales equals: a. $2,750,000. b. $6,000,000. c. $6,250,000. d. $9,000,000.

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