Write substantive post in response to one of the Chapter 6 Practice Questions on page 284 of the ebook/textbook.Be sure to write which each Chapter 6 Question responding to.

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QUESTIONS 1. Identify and briefly describe the assumptions of CVP. 2. Why should managers create a CVP graph? 3. When considering a CVP graph, how is the break even point shown? 4. Your supervisor has requested that you prepare a CVP graph for your company's product but does not understand its meaning or how changes would affect the graph. Explain to your supervisor how your graph would be affected by a. an increase in the selling price. b. a decrease in variable cost per unit. c. an increase in fixed costs. 3. Wing is it important for a company to know its break even point? What happens to the break-even point if variable cost per unit decreases? If total fixed cost increases? 6. Explain the difference between unit contribution margin and contribution margin ratio. 7. A company's cost structure can have a high proportion of fixed costs or a high proportion of variable costs. Which cost structure is more vulnerable to decreases in demand? Why? 3. Explain the difference between calculating the break even point in units and in dollars. How can one be used to double-check the other? 9. Apple Company and Baker Company are competitors in the same industry. They have similar variable costs per unit and selling prices, but Baker has more fixed costs. Explain the impact of this on each company's break-even point. 10. Bert Company and Ernie Company are competitors in the same industry. The companies produce a similar product and have the same amount of fixed costs and the same selling price per unit. However, Bert has higher variable cost per unit. Compare the break- even point of each company. 11. Explain the difference between break even analysis and target profit analysis. 12. Explain margin of safety. Why is it important for managers to know their margin of safety? 13. Give an example of a company to which margin of safety is particularly important and explain why. 14. Explain how a decision to automate a manufacturing facility would likely impact a company's cost structure and its break even point 15. Explain degree of operating leverage and how it relates to fixed cost. 16. How does degree of operating leverage help managers predict changes in profit? In general, would you prefer a higher or lower degree of operating leverage? 17. Why is sales mix important to multiproduct CVP analysis? Explain how sales mix is factored into CVP analysis. 18. How is weighted-average unit contribution margin calculated? 19. What will happen to a company's break even point if the product mix shifts to favor a product with a lower contribution margin per unit? 20. How do you use the weighted average contribution margin ratio in cost-volume-profit analysis? 21. Why is the weighted average contribution margin ratio approach commonly used in practice? 22. What is the difference between the product mix and the sales mix