Lecture Managerial Accounting - Chapter 5: Cost-Volume-Profit
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Lecture Managerial Accounting - Chapter 5: Cost-Volume-Profit. After studying this chapter, you should be able to: Distinguish between variable and fixed costs, explain the meaning and importance of the relevant range, explain the concept of mixed costs, state the five components of cost-volume-profit analysis, indicate the meaning of contribution margin and the ways it may be expressed.
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