We will learn the preparation and interpretation of a cost-volume-profit graph and a profit graph. A CVP graph highlights CVP relationships over wide ranges of activity. The anticipated profit or loss at any given level of sales is measured by the vertical distance between the total revenue line and the total expense line. The break-even point is where the total revenue and total expense lines cross. A profit graph is a simpler form of the CVP graph. 

What is represented on the X axis of a cost-volume-profit (CVP) graph? 

Answer rating: 100% (QA)

On a costvolumeprofit CVP graph the Xaxis typically represents the level of activity or ... View the full answer