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25.      The break even point is located at the intersection of the total revenue line and the total expenses line on a cost volume profit graph.

26.      The CVP graph shows profit and loss at any rate of activity.

27.      The CVP graph shows how costs behave over multiple relevant ranges.

28.      The CVP graph uses the assumption that costs are linear over the relevant range.

29.     The horizontal axis on the CVP graph is the dollars of cost and revenue.
     
30.     On the CVP graph, the horizontal difference between the sales line and the total expenses line measures the net income or net loss.
     
31.     An assumption of the CVP analysis is that changes in efficiency or productivity are expected.
     
32.     An assumption of the CVP analysis is that the difference in inventory level at the beginning and at the end of a period is insignificant.
     
33.     The sales mix is the relative proportions or combinations of quantities of products that constitute total sales.
     
34.     An assumption of the CVP analysis is that the sales mix can fluctuate.
     
35.     The break-even point may be reduced by reducing total fixed costs and holding everything else constant.
     
36.     The break-even point may be reduced by increasing the per unit variable cost.
     

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