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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

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 analysis and Margin of Safety.
Analyze the usefulness of Operating Leverage in manufacturing organizations.

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