Question: What is CVP analysis (CO C)? Why is CVP analysis useful? Why is it an important concept in managerial accounting? What does the term relevant

What is CVP analysis (CO C)? Why is CVP analysis useful? Why is it an important concept in managerial accounting?

What does the term relevant range of activity mean?

What is the difference between variable costing and absorption costing. Which type of costing is more useful? Does the absorption costing inflates profits or are these profits "real"?

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