Cite a specific example of the application of gross profit variance analysis. How will it help the company in its decision making?

Evaluate cost factors influencing a company's decision.

Identify two ways in which a contribution margin income statement differs in format from a traditional income statement. Which is more useful for decision making and why?

Which of the following is not an application of cost-volume-profit analysis? Setting prices for products and services. Performing strategic “what-if” analyses. Deciding whether to cut a product line. Determining the short-term cost or profit implications of many decisions. Deciding whether to make or buy a given product or service.