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Differentiate variable cost and fixed cost

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Reference no: EM133272615

Question 1. Differentiate variable cost and fixed cost.

Question 2. What is the break-even point in business, and why is it important?

Question 3. State the importance of the contribution margin in the computation of break-even analysis.

Question 4. What are the advantages of break-even analysis in decision making particularly in costing and selling price.

Reference no: EM133272615

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