Question: 1. Why is CVP analysis useful? Why is it an important concept in managerial accounting? 2. What is the break-even point? Why is it an

1. Why is CVP analysis useful? Why is it an important concept in managerial accounting?

2. What is the break-even point? Why is it an important concept in managerial accounting? What are its uses?

3.What is the margin of safety? How can this concept be applied in managerial decision making? Examples are great!

4.The degree of operating leverage (DOL) can be used to quickly get a feel in estimating future profits. What is the DOL? How is it calculated?

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