1.Fixed cost per unit of output decreases as volume increases.true or false2.A company sells phone cases for $180 per unit, and variable costs are $72 per unit. The company's contribution margin per unit is $108.true or false3.If a company has sales of $2,500 and variable costs of $1,500, then its contribution margin ratio equals 40%.true or false4.A cost-volume-profit (CVP) chart can be used to find the break-even point.true or false5.The relevant range of operations includes extremely high and low levels of production that are unlikely to occur.true or false6.A company expects sales of $680,000 (8,000 units at $85 per unit). If the company's total fixed costs are $350,000 and its variable costs are $35 per unit, its margin of safety in dollars is $85,000.true or false7.A company expects sales of $680,000 (8,000 units at $85 per unit). If the company's total fixed costs are $350,000 and its variable costs are $35 per unit, its break-even point is 10,000 units.true or false8.Contribution margin per unit is the amount by which a product's unit selling price exceeds its variable cost per unit.true or false