What is the role provided by a break-even point and how would you find out this point?
What are the limitations of using a break-even point and how would you incorporate this point with management strategic planning?
What is the difference between favorable and unfavorable variances and how do you find out them?
What if a manger in a hospital had in their budget $1,000 difference is unfavorable and should that be investigated?
What if $1,000 difference is favorable and should that be investigated?