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a) Cost-Volume-Profit (CVP) Analysis is effective in decision making for managers when computations are correct and analysis done properly. Under the CVP heading, discuss two

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a) Cost-Volume-Profit (CVP) Analysis is effective in decision making for managers when computations are correct and analysis done properly. Under the CVP heading, discuss two main analysis that can be performed and explain how each contributes to effective decision making. (10 pts) b) In your own words discuss how a budget is prepared and three benefits of budgeting. (10 pts)

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