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What do you understand by the term Cost-Volume-Profit Relationship. What is Contribution Margin (CM Ratio)? Discuss its importance in profit planning. Discuss the term, Break-even

  1. What do you understand by the term Cost-Volume-Profit Relationship.
  2. What is Contribution Margin (CM Ratio)? Discuss its importance in profit planning.
  3. Discuss the term, Break-even analysis and Margin of Safety.
  4. Analyze the usefulness of Operating Leverage in manufacturing organizations.

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