Why would a firm want to measure profits by segment and how would common costs be allocated to each segment?
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Why would a firm want to measure profits by segment and how would common costs be allocated to each segment?
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- How does assuming that operating activity occurs within a relevant range affect cost-volume-profit analysis?How will relating product contribution margins to the amount of the constrained resource theyconsume help a company maximize its profits?Why might the number of products in a joint - cost situation differ from the number of outputs? Give an example.
- What analysis ensures that the income for the firm will cover its variable costs? a. ratio analysis b. financial analysis c. cost volume profit analysis d. sales analysisHow does the cost system affect the financial position of the firm?What is the meaning of contribution margin ratio? How is this ratio useful in planning businessoperations?
- What is a product cost? What is a period cost? What is the difference and why is it important to separate these costs in financial reporting and decision-making? What is a variable cost? What is a fixed cost? Why is the difference important to making decisions?Is there a point in a cost-volume-profit analysis when the company is expected to profit?