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Part C: ITotal Value: 5 Marks: 20 Minutes) a) Which of the following...

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Accounting

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Part C: ITotal Value: 5 Marks: 20 Minutes) a) Which of the following statements is false.[1 Point} (i) Contribution margin per unit is the difference between revenue per unit and variable cost per unit. Variable costs per unit remain constant even as the number of units increase. (iii) Fixed costs will decrease if the number of units decreases. (iv) All of the above. b) A company can increase its Contribution Margin if: [1 Point] i) Fixed costs decrease ii) Fixed costs increase Depreciation increases iv) Variable costs decrease v) None of the above. c) Which of the following best describes the Income Statement? {1 Point} i) The Income Statement measures the difference between assets and liabilities. ii) The Income Statement reflects all changes in Capital Stock for the year under review. iii) The Income Statement is a period of time financial statement. iv) The Income Statement is a point in time financial statement. v) All of the above. d) The Break-Even point is a measure that reflects the following:(1 Point} (i) Sales revenue for the month (ii) Total Fixed costs for the year (iii)The number of units required to be sold in order to cover all variable costs + all fixed costs. (iv)None of the above

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