Multiple Choice
When drawing a cost-volume-profit graph,how are the axes labeled?
A) The horizontal axis would be labeled with dollars (of cost or revenue) , while the vertical axis would be labeled with number of units (volume or activity) .
B) The horizontal axis would be labeled with dollars (of total fixed costs) , while the vertical axis would be labeled with dollars (of total variable costs) .
C) The horizontal axis would be labeled with number of units (volume or activity) , while the vertical axis would be labeled with dollars (of cost or revenue) .
D) None of these answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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