Asked by Fateh Singh on May 29, 2024
Verified
A cost-volume-profit chart is also known as a(n)
A) Operating profit chart.
B) Operating leverage chart.
C) Break-even chart.
D) Margin of safety chart.
E) Sales chart.
Cost-Volume-Profit Chart
A graphical representation that shows the relationship between a company's cost, production volume, and profits.
- Interpret cost-volume-profit (CVP) charts and understand their significance.
Verified Answer
SI
Sarah IsabellaMay 31, 2024
Final Answer :
C
Explanation :
A cost-volume-profit chart is commonly known as a break-even chart because it shows the point where a company neither makes a profit nor suffers a loss, also known as the break-even point.
Learning Objectives
- Interpret cost-volume-profit (CVP) charts and understand their significance.
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