True or false

1) Absorption costing is more compatible with Cost-vokame Proft (ow) analysis than is variable costing. 2) Under variable costing, fixed manufacturing overhead cost as a product cost. 3) Gallagher Enterprises sells a single product for s25. The vanatke expense per unit is $15 and the fixed experse per unit VS current level of sales. The company's Net operating income wa point with positive Net operating income. 4) The impact on Net operating of a grven dowar avange w can be computed by applying the contribution margin ratio to dollar change in sales. 5) The total volume in sales dollars that would be reouveed to wowev given target profit is determined by dividing the sum of expenses and the target profit by the contrbution margin Twoo 6) If fixed expenses increase by $10,000 per year, aven own needed to break increase by 7) The salary of the treasurer of corporation an exampe common cost which normally a traced to productseormec cannot be 8) The production budget is typically prepared prvor to the saesbuds up after the cash mas oesn 9) forecasts are drawn funds available for mpares completed because only then are the known Page 1 of 12