Asked by AIDAN ECCLESTON on May 10, 2024
Verified
A CVP graph presents data on:
A) Profit and loss on a per unit basis.
B) Profit,loss,and break-even on a total dollar basis.
C) Profit,loss,and break-even on a per unit basis.
D) Only profit and loss on a total basis.
E) Profit and loss on a budget and actual basis.
CVP Graph
A visual representation of the Cost-Volume-Profit analysis that shows the relationship between total costs, sales volume, and profit.
Profit and Loss
The profit and loss statement is a financial report that summarizes revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.
- Examine cost-volume-profit (CVP) graphs to appreciate their relevance.
Verified Answer
PL
Paulina LopezMay 16, 2024
Final Answer :
B
Explanation :
A Cost-Volume-Profit (CVP) graph presents data on profit, loss, and the break-even point on a total dollar basis, illustrating how profits and losses change with varying levels of production and sales volume.
Learning Objectives
- Examine cost-volume-profit (CVP) graphs to appreciate their relevance.
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