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Unformatted text preview: breakeven point in volume is 250 units. True False &lt;11&gt;If a companys sales total $24,000, variable costs are $16,000, and fixed costs total $6,000, a 10% increase in selling price will result in a net income of $4,400. True False &lt;12&gt;The starting point in the master budgeting process is the cash budget. True False &lt;13&gt;Which one of the following formulas is the proper method for determining the labor effi1ciency variance? A. (AR vs SR) x AH B. (AH vs SH) x AR C. (AH vs SH) x SR D. (AH x AR) + (SH x SR) 1. True 2. True 3. False 4. False 5. False 6. True 7. False 8. False 9. False 10. True 11. True 12. False 13. C...
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- Fall '08