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ACC 561 Cost Volume Profit Analysis




Cost Volume Profit Analysis (CVP) is a tool that shows the relationship between cost, revenue, output levels and resulting profits (Lewis,). It also calculate the production level need for revenue to equal fixed cost. This type of information is most useful internally. Cost Volume Profit Analysis is the most powerful tool mangers have at their disposal. Managers use this type of analysis for routine and strategic decision making;it also identifies possible changes in profit. What-if Analysis (also known as Sensitivity Analysis) is a brainstorming technique used to determine how projected performance is affected by change. Sensitivity Analysis helps mangers


Paper#20745 | Written in 18-Jul-2015

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