2. What is the difference between a variable cost and a fixed cost? Provide examples of each. 3. You are asked to find the break-even point in units and in sales dollars. What does this mean? 4. You are asked to find the target profit in units and in sales dollars. What does this mean? 5. For a company with one product, describe the equation used to calculate the break-even point or target profit in (a) units, and (b) sales dollars 6. Distinguish between contribution margin per unit and contribution margin ratio. 7. What does the term margin of safety mean? How might management use this information? 8. How does the break-even point equation change for a company with multiple products or services compared to a single-product company? 9. Describe the assumptions made to simplify the cost-volume-profit analysis described in the chapter. 10. What is sensitivity analysis and how might it help those performing cost-volume-profit analysis? 11. If you are asked to review the cost structure of an organization, what are you being asked to do? 12. When might the contribution margin per unit of constraint be more effective than the contribution margin per unit for making decisions? 13. Describe the difference between absorption costing and variable costing. 14. Why do some organizations use variable costing