Question
Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs and volume affect their operating expenses and net income.?In other
Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs and volume affect their operating expenses and net income.?In other words, CVP is a methodical analysis of the dynamic inter-relationship between?selling?prices, sales and production volume, cost expenses, and profits.
- Explain each of the three elements of CVP analysis.
- Discuss how managers use CVP analysis.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
