The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed _____ analysis.

A) contribution margin
B) cost-volume-profit
C) budgetary
D) gross profit

Cost-Volume-Profit Analysis

The examination of the relationships among selling prices, sales and production volume, costs, expenses, and profits.

Contribution Margin

The amount of revenue remaining after deducting variable costs, which contributes to covering fixed costs and generating profit.

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold, showcasing how efficiently a company is producing or sourcing its products.