Ms. Wang is a successful businesswoman who sells various cosmetic products. She continually searches for new products to add to her growing business to further increase the profitability of her company. She is discussing with her senior staff about what products to add and not add to her product lines.

Required:

2 pts 1. What types of cost information should Wang estimate/calculate to help her decide whether to add or not add new products to her existing product lines.

1 pt 2.Briefly describe the C-V-P model.

2 pts 3. Describe/give an example of how the C-V-P model could be used by Ms. Wang