Finance Managerial Accounting Chapter 05 Cost Volume Profit英文电子书.pdfVIP

C H A P T E R 5 Cost-Volume-Profit S T U D Y O B J E C T I V E S F E A T U R E S T O R Y After studying this chapter, Growing by Leaps you should be able to: 1 Distinguish between variable and fixed costs. and Leotards 2 Explain the significance of the relevant range. 3 Explain the concept of mixed costs. hen the last of her three children went off to 4 List the five components of cost-volume-profit analysis. Wschool, Amy began looking for a job. At this 5 Indicate what contribution margin is and how it can be same time, her daughter asked to take dance classes. expressed. The nearest dance studio was over 20 miles away, and Amy didn’t know how she would balance a new 6 Identify the three ways to determine the break-even job and drive her daughter to dance class. Suddenly point. it hit her—why not start her own dance studio? 7 Give the formulas for determining sales required to earn Amy sketched out a business plan: A local church target net income. would rent its basement for $6 per hour. The size of ✓ ✓THE ■ ■ the basement limited the number of students she 8 Define margin of safety, and give the NAVIGATOR formulas for computing it. could teach, but the rent was low. Insurance for a small studio was $50