Explaining break even in c-v-p analysis


1. How do variable costs and fixed costs vary? Write down an example of each.

2. Analyze your personal expenses on variable and fixed basis. Write down some of the personal fixed costs and variable costs? What would cause them to change?

3. What is C-V-P analysis used for? In process of using C-V-P analysis, what does it mean to "break even"?

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Accounting Basics: Explaining break even in c-v-p analysis
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