Objectives
After completing Lesson 4: Cost–Volume–Profit Analysis, you will be able to:
- Define cost–volume–profit analysis.
- Identify variable costs in a cost–volume context.
- Identify fixed costs in a cost–volume context.
- Identify semi-fixed costs in a cost–volume context.
- Define break-even point analysis as it relates to cost–volume analysis.
- Identify the benefits of break-even point analysis to management.
