What is cost-volume-profit (CVP) analysis, and how is it used for decision making?

CostVolumeProfit Analysis

1.What is costvolumeprofit (CVP) analysis, and how is it
used for decision making?

Q2: How are CVP calculations performed for a single
product?

Q3: How are CVP calculations performed for multiple
products?

Q4: What assumptions and limitations should managers
consider when using CVP analysis?

Q5: How are the margin of safety and operating leverage
used to assess operational risk?