Question: explain what CVP means and why it is important for management and accountants to know. Also, address the following questions in your response: If the
explain what CVP means and why it is important for management and accountants to know. Also, address the following questions in your response: If the production department increases activity what is the effect on the following: Total variable costs Variable costs per unit of activity Total fixed costs and Fixed costs per unit of activity What important relationships are shown on a cost-volume-profit (break-even) graph? Explain. Define margin of safety and provide an example
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