Discussion
Ch. 18: Cost-Volume-Profit
1. What are the components of cost-volume-profit (CVP) analysis?
2. How does a CVP income statement help management make decisions?
3. Explain variable, fixed, and mixed costs and the relevant range.
Ch. 19: Cost-Volume-Profit Analysis
4. How does a company's operating leverage effect its profitability?
5. What is basicCVP concepts? How do we apply it?
6. Explain the term sales mix and its effects on break-even sales
Ch. 20: Incremental Analysis
7. In what type of business decisions can incremental analysis be used?
8. Describe management's decision-making process and incremental analysis.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.