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Accounting Questions - Cost Volume Profit

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Explain and write out your calculations for each firm.
Firm A:
Units Sold = 5,600 Revenue = $12.00
Variable Costs per Unit (VC) = ?
Contribution Margin Total = $25,200
Fixed Costs (FC) = $20,300
Operating Income (OI)=$ ? CM unit= ?
CM unit%= ? VC unit %= ?

Firm B:
Units Sold = 16,800 Revenue = $?
Variable Cost per Unit (VC) = 22.50
Contribution Margin Total = $ ?
Fixed Costs (FC) = $84,500
Operating Income (OI) =$43,180 CM unit=: ?
CM unit % = ? VC unit% = ?

Firm C:
Units Sold = ? Revenue = $7.30
Variable Costs per Unit (VC) = 3.20
Contribution Margin Total= $ 28,700
Fixed Costs (FC) = $?
Operating Income (OI) =($13,500) CM unit= ?
CM unit %= ? VC unit %= ?

Firm D:
Units Sold = 14,160 Revenue = $?
Variable Costs per Unit (VC) = 55.25
Contribution Margin Total = $ 66,552
Fixed Costs (FC) = $73,250
Operating Income (OI) = ? CM unit= ?
CM unit % = ? VC unit% = ?

Firm E:
Units Sold = ? Revenue = $?
Variable Costs per Unit (VC)= $24.00
Contribution Margin Total = 38%
Fixed Costs (FC) = $57,000
Operating Income (OI)= $0.00 CM unit= ?
CM unit % = ? VC unit% = ?

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The solution 5 question on CVP analysis.

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Cost Accounting Question

I need help getting those two questions answered at least 250 words each. Thanks

1- For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?

2- What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision-making? Why? As a manager, which would you prefer? Why?

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