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CHAPTER 7: Cost-volume-profit (CVP) analysis EXPLAIN OR GIVE EXAMPLES OF THE FOLLOWING LEARNING OBJECTIVES Understand what a contribution margin is, what the breakeven point is,
CHAPTER 7: Cost-volume-profit (CVP) analysis
EXPLAIN OR GIVE EXAMPLES OF THE FOLLOWING LEARNING OBJECTIVES
- Understand what a contribution margin is, what the breakeven point is, and how the elements of a contribution margin income statement are impacted by changes in price, cost and volume [Chapter review]
- Calculate and use contribution margin per unit and contribution margin ratio [S7-1, S7-2, P7-63]
- Calculate breakeven volume and sales revenue [S7-3, P7-63]
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Hospitality Management Accounting
Authors: Michael M. Coltman, Martin G. Jagels, Martin Jagels
7th Edition
0471348848, 978-0471348849
