Which one of the following is not an assumption of C-V-P analysis? a. Fixed costs are always

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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

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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