How cost-volume-profit analysis can be used

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Reference no: EM133378464

Questions:

1. Provide examples of how cost-volume-profit analysis can be used for decision-making.
2. Explain what is meant by the term 'relevant range'.
3. Define the term 'contribution margin'.

4. Define the term 'profit-volume ratio' and explain how it can be used for cost-volume-profit analysis.

5. Describe and distinguish between the three different approaches to presenting cost-volume-profit relationships in graphical format.

Reference no: EM133378464

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