Shown below is a typical cost-volume-profit chart: Required: (a) Explain to a colleague who is not an
Question:
Shown below is a typical cost-volume-profit chart:
Required:
(a) Explain to a colleague who is not an accountant the reasons for the change in result on this cost-volume-profit chart from a loss at point
(a) to a profit at point (b). (3 marks)
(b) Identify and critically examine the underlying assumptions of this type of cost-volume-profit analysis and consider whether such analyses are useful to the management of an organization.
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