Chapter 3 final Flashcards
1
Q
Cost-volume-profit analysis studies
A
the relations among revenues, costs, and volumes and their effect on profit to help managers make decisions
2
Q
Profit equation
A
Operating profit = total revenues - total cost
3
Q
Profit =
A
(P-V)X-F
4
Q
Unit contribution margin =
A
P -V
5
Q
A
