The scattergraph method is an approach which can be used to determine both the total fixed cost component and the variable cost per unit component of a mixed cost.

True or False

When performing basic CVP analysis, variable costs are assumed to be constant on a per unit basis within the relevant range.

True or false

If manufacturing supply costs amount to $9,500 and $13,500 at manufacturing volumes of 90,000 units and 170,000 units, respectively at the low and high point of anticipated volume, then the manufacturing supply cost at a volume of 120,000 units would be expected to amount to (use the High-Low method):

Contribution margin equals net sales revenues less

	Cost of goods sold
	Total product costs
	Variable product costs
	Total variable costs (product and period)
	Total product and period costs