Which one of the following is not an assumption of CVP analysis?
A. Costs can be classified as variable or fixed.
B. Profit for the period is constant.
C. The sales mix is constant.
D. Volume or level of activity affects costs.
Answer: B
Which one of the following is not an assumption of CVP analysis?
A. Costs can be classified as variable or fixed.
B. Profit for the period is constant.
C. The sales mix is constant.
D. Volume or level of activity affects costs.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.