Cost-volume-profit analysis, or CVP, is something companies use to out how changes in costs and volume affect
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Cost-volume-profit analysis, or CVP, is something companies use to 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.
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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