You are the management accounting department and a manager in your company has the following two questions.
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You are the management accounting department and a manager in your company has the following two questions. Any competent business person (not just accountants) should be able to understand your answers. Be clear, complete and concise.
Question 1 : How can CVP analysis help managers?
Question 2 : What is the difference between contribution margin and gross margin?
Expert Answer:
Answer rating: 100% (QA)
1 CVP analysis means Cost Volume Profit analysis which shows the relationship and dependency between ... View the full answer
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