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5 Jul 2019

describing and explaining cost behavior, cost volume profit analysis, variable costing for management analysis and how they impact a business environment performance

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Irving Heathcote
Irving HeathcoteLv2
7 Jul 2019

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Cost-volume-profit (CVP)

posted Nov 28, 2016, 4:07 AM

Cost-volume-profit (CVP) analysis is a key step in manydecisions. CVP analysis involves specifying a model of therelations among the prices of products, the volume or level ofactivity, unit variable costs, total fixed costs, and the salesmix. This model is used to predict the impact on profits of changesin those parameters. Explain how changes in activity affectcontribution margin and net operating income.

How does assuming that operating activity occurs within a relevant range affect cost-volume-profit analysis - is this realistic? Be sure to include a discussion of cost behavior patterns and how that impacts this whole process.

General Discussion: Discuss how managers use CVP analysis in themanagement process and how they can project the profitability ofproducts and services. Define cost behavior, and provide examplesof variable, fixed, and mixed costs.

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