Question: Describe how variable costs and fixed costs behave in total and on a per unit basis. What is the high low method used for and

  • Describe how variable costs and fixed costs behave in total and on a per unit basis.
  • What is the high low method used for and how does it relate to CVP analysis?
  • Define contribution margin, unit contribution margin, contribution margin ration and explain how they are used in CVP analysis including determining break even.

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