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Task 3) Assume the data in requirement 1). Prepare a CVP graph to illustrate breakeven analysis. To prepare the graph, first set up a table
Task 3) Assume the data in requirement 1). Prepare a CVP graph to illustrate breakeven analysis. To prepare the graph, first set up a table with columns for units, total fixed cost, total variable cost, total cost, sales revenue, and profit (Remember to use appropriate formulas to determine numerical values for these variables). In the units column, show values from zero to 70,000 in increments of 10,000 . Graph the data in columns for total fixed cost, total cost, and sales revenue. Label your respective axes and lines. Note that by so doing you are graphing a CVP chart! (24 marks) Graph (6 marks)
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