Cost-Volume-Profit Analysis
1.What is cost-volume-profit (CVP) analysis, and how is it used for decision making?
• Q2: How are CVP calculations performed for a single product?
• Q3: How are CVP calculations performed for multiple products?
• Q4: What assumptions and limitations should managers consider when using CVP analysis?
• Q5: How are the margin of safety and operating leverage used to assess operational risk?
