1.Is CVP analysis more focused on the short or long term? Explain

2.Compare the operating leverage with the financial leverage. Discuss the similarities and differences.

3.When calculating the contribution margin for breakeven analysis purposes, should one handle variable selling and administrative costs the same way as variable manufacturing costs? Explain.

4. Is it possible to use mixture of job costing and process costing? Explain

5. If you have undercoated indirect costs, would you prefer to determine that as a loss or not? Explain

6. When might a company use budgeted costs rather than actual costs to compute direct-labor rates?