1520 Cost Volume Profit

Question 1

What is a Price Index Number?

Answer 1

Ratios (usually expressed as percentages or decimals) that indicate changes in prices

Question 2

What are the two types of price indices?

Answer 2

• Simple

* Aggregate

Question 3

What formula is used to adjust for inflation?

Answer 3

NI/OI*OP=NP

Question 4

What is the Cost Volume Profit (CVP) Analysis formula?

Answer 4

C=F+Vu(Q)