Which one is False ? A Mixed Cost has Elements of both Fixed and Variable Costs Variable Costs remain constant per unit regardless of the level of Activity or Volume The Contribution Income Statement Format separates costs into Fixed and Variable Elements Variable Costs will change or Vary in Total with Changes in the level of Activity or Volume Fixed Costs remain constant in Total regardless of the level of Activity or Volume Fixed Costs remain constant per unit regardless of the level of Activity or Volume Which one is True ? Sales Revenues - Fixed Costs = Contribution Margin Sales Revenues - Variable Costs = Fixed Costs Sales Revenues - Variable Costs - Fixed Costs = Net Income Sales Revenues - Variable Costs - Fixed Costs = Zero Contribution Margin - Variable Costs = Net Income Question 2 0 10.7 pts Compute the Breakeven Point in Units. Sales price is $200 per unit Variable costs are $45 per unit and Fixed Costs are $200,000. Show your Answer as a Number Only to the Whole Unit. No Symbols, Commas, or Decimals. 1290 Question 10 0 10.7 pi Which one is True ? Cost Formulas are always considered Valid outside the relevant range Costs are easier to Estimate and Budget when they are classified by Cost Behavior In Theory All Costs are considered Fixed Sales Revenues Minus Fixed Costs Equals the Contribution Margin