Question 1: (Total 6 marks) In a cost-volume-profit (C-V-P model) analysis the graph is frequently used in business meetings because it presents a picture of cost relationships within a company. Required: 1. Briefly describe the type of information and data that you would need in order to prepare a CVP graph (construct a CVP graph for illustration). (3 marks) 2. How to interpret the breakeven point using graph analysis. (3 marks) Solution question 1