Question: What is cost behavior analysis, Why is it important to management? Define: fixed, variable and mixed costs give examples. Define relevant range and give examples.

  1. What is cost behavior analysis, Why is it important to management?
    • Define: fixed, variable and mixed costs give examples.
  2. Define relevant range and give examples.
  3. Define Cost Volume Profit
    • Contribution margin
    • Contribution margin per unit
    • Contribution margin ratio
  4. Define Break even in units and $.
  5. Define Margin of Safety in units and $.

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