Question -
1. Why is the CVP analysis so important?
2. CVP (Breakeven analysis) is fairly easy when there is just one product. However, must businesses have a product mix? Let's discuss CVP analysis and BE analysis when a company has more than one product.
3. Describe, in detail, steps 4 and 5 in job order costing. Why is this step important?
4. There are a ton of good examples of customized products that require a job costing system. My first thought is homebuilders. Most houses are unique in a variety of ways. Can you think of a unique, different or entertaining product example?