1. What are the cost behaviors per unit and in total for variable cost and fixed costs within the relevant range?
2. Describe what happens to the income of a company under each of the following assumptions:

1. Units sold are less than break-even units.
2. Units sold are greater than break-even units.
3. Units sold are equal to the break-even units.

1. Describe and compare the three cost estimation methods used to develop a cost equation.
2. Discuss how CVP analysis can be useful in planning.
3. What is the high-low method? Briefly describe how it is applied.
4. Define variable cost, fixed cost, and mixed cost.
5. How do you define the unit contribution margin per unit and the contribution margin ratio? What is the impact of these measures on a company's cost structure?

Accounting for Managers