What is cost$-$volume$-$profit analysis and when is it particularly useful?

Q$15-2.$ Identify the important assumptions that underlie cost$-$volume$-$profit analysis.

Q$15-3.$ When is it most reasonable to use a single independent variable in cost$-$volume$-$profit analysis?

Q$15-4.$ Distinguish between a contribution and a functional income statement.

Q$15-5.$ What is the unit contribution margin? How is it used in computing the unit break$-$even point?

Q$15-6.$ What is the contribution margin ratio and when is it most useful?

Q$15-7.$ How is the break$-$even equation modified to take into account the sales required to earn the desired profit?