For ACC202 Managerial Accounting Can anyone help with these questions Part 1 Ten Short Answer Questions Name and describe two major behavior patterns What if a cost has characteristics of both patterns What is meant by the term break even point What are two ways in which the break even point can be expressed What is the relevant range What is the formula for calculating the break even point in sales revenue What formula is used to solve for the break even point in units How can the break even formula be altered to calculate the number of units that must be sold to achieve a desired level of income Show the formula and explain Why might a business wish to lower its break even point How would it go about lowering the break even point What effect would you expect the mechanization and automation of production processes to have on the break even point Describe three ideas that can lower the break even point and include a simple example with numbers Part II Real World Example Review the background material and do some research to find a real world example where cost volume profit analysis was applied Include financial information Describe the situation and the results

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For ACC202- Managerial Accounting. Can anyone help with these questions. Part 1 Ten Short-Answer Questions Name and describe two major behavior patterns. What if a

For ACC202- Managerial Accounting.

Can anyone help with these questions.

Part 1

Ten Short-Answer Questions

Name and describe two major behavior patterns. What if a cost has characteristics of both patterns?
What is meant by the term break-even point?
What are two ways in which the break-even point can be expressed?
What is the relevant range?
What is the formula for calculating the break-even point in sales revenue?
What formula is used to solve for the break-even point in units?
How can the break-even formula be altered to calculate the number of units that must be sold to achieve a desired level of income? Show the formula and explain.
Why might a business wish to lower its break-even point? How would it go about lowering the break-even point?
What effect would you expect the mechanization and automation of production processes to have on the break-even point?
Describe three ideas that can lower the break-even point and include a simple example with numbers.

Part II

Real World Example

Review the background material and do some research to find a real world example where cost-volume-profit analysis was applied. Include financial information. Describe the situation and the results.