Cost-Volume Profit Analysis Techniques

Cost-Volume Profit Analysis Techniques
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Cost-Volume Profit Analysis Techniques
Cost-Volume Profit analysis (CVP) is a managerial tool used to determine how changes in production cost, sales volume, and product price affect the company's profit. It helps managers make strategic business decisions. Managers are required to make decisions that need choosing between alternative products. They may need to determine the best goods to produce and the price to charge to remain profitable. A primary factor in determining the product price is the manufacturing cost of that product. As a manager, I will use CVP methods to control the costs and keep sales numbers at a particular level to make the company profitable.
I will also use CVP ...