Which one of the following is not an assumption of C-V-P analysis? a. Fixed costs are always greater than variable costs. b. All costs can be divided into fixed and variable categories. c. C-V-P analysis is valid only for a relevant range. d. The mix of a companys products does not change over the relevant range.
Chapter 21, Practice Exercises #22
Which one of the following is not an assumption of C-V-P analysis?
a. Fixed costs are always greater than variable costs.
b. All costs can be divided into fixed and variable categories.
c. C-V-P analysis is valid only for a relevant range.
d. The mix of a company’s products does not change over the relevant range.
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Accounting concepts and applications
11th Edition
Authors: Albrecht Stice, Stice Swain
ISBN: 978-0538745482