Which statements describe the usefulness of cost–volume–profit analysis?
1 to see the relationship between costs and revenue at different levels of activity
2 to set the selling price of a product to achieve targeted profit
3 to set the selling prices for a variety of products
1 )
1, 2 and 3
1 and 2 only
3 )
1 and 3 only
4 )
2 and 3 only
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