Multiple Select QuestionSelect all that applyManagers make assumptions in CVP analysis. These assumptions include: (Check all that apply.)Multiple select question.constant fixed cost per unit.some units produced are not sold.unit sales do not change.costs are linear within the relevant range.costs can be classified as variable or fixed.total variable costs do not change.

All of these are assumptions underpinning CVP analysis, except:Group of answer choicescost behaviour is assumed to be linear.costs can be readily classified as fixed or variable.for multi-product entities it is assumed the sales mix remains constant.costs can be divided into direct materials, direct labour and overhead.

Multiple Select QuestionSelect all that applyStandard costs have which of the following characteristics? (Check all that apply.)Multiple select question.they are preset costs for delivering a product or service under normal conditionsthey are developed by the SCAB (Standard Cost Accounting Board)they are used to help management understand reasons for variancesthey are useful for manufacturing companies, but not service companiesproduction managers help determine production requirements for a unit of product

Multiple Choice QuestionCVP analysis relies on all of the following assumptions except:Multiple choice question.sales mix is constantcosts must be linear within the relevant rangemixed costs can be usedinventory levels do not change

Fill in the Blank QuestionFill in the blank question.CVP analysis looks at how _ is affected by sales price per unit, variable costs per unit, volume, and fixed costs.

Multiple Select QuestionSelect all that applyWhen making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.)Multiple select question.historical costs.incremental costs.opportunity costs.sunk costs.out-of-pocket costs.