Under equity theory, all of the following would be considered a possible output, EXCEPT ______.

The industry average receivables collection period:

Mary Gonzales is evaluating companies in the office supply industry and has compiled the following information: 20X1 20X2 Company Credit Sales ($) Average Receivables Balance ($) Credit Sales ($) Average Receivables Balance ($) A 5.0 million 1.0 million 6.0 million 1.2 million B 3.0 million 1.2 million 4.0 million 1.5 million C 2.5 million 0.8 million 3.0 million 1.0 million D 0.5 million 0.1 million 0.6 million 0.2 million Industry 25.0 million 5.0 million 28.0 million 5.4 million A. increased from 20X1 to 20X2. B. decreased from 20X1 to 20X2. C. did not change from 20X1 to 20X2.

Fixed overhead has no production-volume variance

Indicate whether this statement is true or false.