What are the components of a basic CVP income statement #1 CVP (Professor) What are the…

What are the components of a basic CVP income statement

#1 CVP (Professor)

What are the components of a basic CVP?  Why is Contribution Margin important? Chapter 5

#2  (Professor) 

What are the differences between variable and absorption costing?  Why is variable costing useful? Chapter 6

#3 Relevant Cost (Professor)

What is a relevant cost?  Why is it important to know what costs are relevant? Chapter 12

#4 Cost Concepts (Professor)

Thinking about your experiences, tell us about a decision you’ve made that applied one of these concepts:   incremental cost, opportunity cost, and sunk cost. Chapter 12

 

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