In CVP analysis the term "cost" includes manufacturing costs and selling and administrative expenses.

Name: In CVP analysis the term "cost" includes manufacturing costs and selling and administrative expenses.
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Quizplus · Accepted Answer

In CVP analysis, the term "cost" includes all expenses related to manufacturing a product (i.e., direct materials, direct labor, and manufacturing overhead) as well as selling and administrative expenses (i.e., marketing, salaries, and office expenses).

In CVP Analysis the Term "Cost" Includes Manufacturing Costs and Selling