short answer 1 what is the cvp relation 2 what does the cvp relation follow directly 4313386

short answer 1 what is the cvp relation 2 what does the cvp relation follow directly 4313386

Short Answer

1.What is the CVP relation?

2.What does the CVP relation follow directly from?

3.What is breakeven volume?

4.What are breakeven revenues?

5.What is the contribution margin ratio?

6.How do taxes affect the CVP relation?

7.How can we use the CVP relation to analyze the profit effect of price changes?

8.What is the margin of safety?

9.How could we use the margin of safety to calculate the percent change in profit given a percent change in sales?

10.What is operating leverage?

11.What is a product mix?

12.What is a weighted unit contribution margin?

13.What is a weighted contribution margin ratio?

14.Why do managers often prefer to calculate CVP relations using the weighted contribution margin ratio approach?

15.What are the assumptions underlying CVP analysis?

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