The independent variable in regression analysis is The cost to be estimated. The cost driver used to estimate the value of the dependent variable. Hard to define because of its independence. The contribution income statement would require a firm to Separate costs into fixed and variable categories. Separate revenue into different categories. Round off amounts to the nearest dollar. Ignore some estimated fixed expenses, such as depreciation, that don't involve a cash outlay. Restructure its accounting system to accommodate activity-based costing. From a strategic management perspective, the primary reason a firm performs CVP analysis is to find the level of sales that: A Produces a desired (or targeted) level of profit for the firm. Will allow the firm to compete in a market place. Wilt just cover all fixed costs. Promises a satisfactory growth in revenue. Reduces the threat of bankruptcy 8. The breakeven point is: A The sales volume at which revenues equal total cost plus an operating profit of zero. The sales volume at which revenues equal variable cost and profit is zero. The sales volume at which revenues equal fixed cost and profit is zero. The point at which revenues meet the budget target. The sales volume at which the total contribution margin exceeds total variable costs