Multiple Choice
Which of the following statements is true regarding CVP analysis?
A) CVP is only useful in a manufacturing context
B) CVP cannot be used in service industries
C) CVP can be used with multiple products only if the product ratio is fixed and based on a weighted average unit contribution margin
D) CVP is useful in all types of business and with any number of products and product mixes
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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