Home » IIA » IIA-CIA-Part3 » Which of the following assumptions regarding cost-volume-profit analysis is true?
Which of the following assumptions regarding cost-volume-profit analysis is true?
A. Costs are affected by changes in activity only.
B. The behavior of costs and revenues is inverse.
C. When more than one type of product is sold, the sales mix changes.
D. Only variable costs have to be classified accurately.
Correct Answer: A
Explanation/Reference:
Explanation:
Reference: https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-ii/cost-volume-profitrelationships/cost-volume-profit-analysis
Download Printable PDF. VALID exam to help you PASS.
|
|