please write in your own words.

calculate and discuss the importance of Cost-Volume-Profit analysis.

Part 2 Manufacturing company is planning to produce new product in the market and the information for each product is given below. Alpha 10 Beta 5 Delta 15 Selling Price Variable cost: Material Labor 20 per unit 15 per unit 5 per unit 10 per unit 15 per unit 6 per unit Fixed cost: Selling expanses 10,000 per month 3,000 per month 4,000 per month Administrative expanses 5,000 per month 5,000 per month 6,000 per month You are required to: Discuss the importance of Cost - Volume - Profit (CVP) analysis in order to provide information for management decision-making