Which of the following is not true about Cost Volume Profit relationships? A: All products are sold
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Question:
Which of the following is not true about Cost Volume Profit relationships?
A: All products are sold at the same price.
B: The cost drive for variable costs can be volume (units sold ) or the number of direct labor hours used in manufacturing one unit.
C: CVP can be used on multi-product companies if there is an assumption on the sales mix.
D: The costs must fall into either fixed or variable only . There are no mixed costs or non-linear costs.
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