Cost-Volume-Profit Analysis & Income Statements

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

CVP analysis shows the relationship between all of the following except:

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1. Users of the CVP income statement are:

2. Calculate contribution margin given the following information: selling price = $10; variable costs = $3; fixed costs = $2.

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About This Quiz & Worksheet

By looking at our worksheet and quiz, you can test your knowledge of cost-volume-profit analysis and income statements. Users of the CVP income statement and what a CVP analysis shows are some topics you will be quizzed over.

Quiz & Worksheet Goals

The goals of these resources are to assess your knowledge of topics, such as:

  • An example of a fixed cost for a restaurant
  • Basic components of CVP analysis
  • The purpose of a CVP analysis
  • An audience for the CVP income statement

Skills Practiced

  • Interpreting information - verify that you can read information regarding calculating contribution margin and interpret it correctly
  • Information recall - access the knowledge you have acquired about why a CVP analysis is used
  • Critical thinking - apply relevant concepts to examine information about the basic components of CVP analysis in a different light

Additional Learning

You have the option of covering more information about this type of analysis using the lesson called Cost-Volume-Profit Analysis & Income Statements. Thanks to this lesson, you can:

  • Examine the benefits of CVP analysis
  • Compare and contrast variable costs and fixed costs
  • Review CVP analysis assumptions
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