LO 1 | Compute contribution margin and describe what it reveals about a company's cost structure. |
LO 2 | Compute break-even point for a single-product company. |
LO 3 | Prepare a contribution margin income statement. |
LO 4 | Describe several applications of cost-volume-profit analysis. |
LO 5 | Explain the steps in the managerial decision process. |
LO 6 | Describe the importance of relevant costs for short-term decisions. |
LO 7 | Evaluate short-term managerial decisions using relevant costs. |