Explain how cvp analysis can be used for managerial planning

Assignment Help Managerial Accounting

Reference no: EM13940513

1. Explain how CVP analysis can be used for managerial planning.

2. Describe the difference between the units sold approach to CVP analysis and the sales revenue approach.

3. Define the term break-even point.

4. Explain why contribution margin per unit becomes profit per unit above the break-even point.

5. What is the variable cost ratio? The contribution margin ratio? How are the two ratios related?

Reference no: EM13940513

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