Cost-volume-profit analysis helps managers predict how changes in and levels affect income.

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KiloRaven1904 KiloRaven1904

26-07-2022
Business

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Cost-volume-profit analysis helps managers predict how changes in and levels affect income.

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rafikiedu04 rafikiedu04 · Answer 1 · 2022-08-08T11:01:25+02:00

cost-volume-profit (CVP) analysis, helps managers predict how changes in costs and sales levels affect profit. In its basic form, CVP analysis involves computing the sales level at which a company neither earns an income nor incurs a loss, called the break-even point.

Core paper. Cost-Volume-Profit (CVP) analysis is a method of examining how changes in variable and fixed costs affect a company's profits. A company can use his CVP to see the break-even point (covering all costs) or the number of units that need to be sold to meet a certain minimum profit margin.

CVP analysis helps determine the level of all costs involved. This concept helps eliminate unnecessary information that can complicate management's decision-making process. For example, businesses use costs associated with management to determine whether new decisions are economical.

The main CVP formula is: Profit = Revenue – Cost. Of course, to use this formula, you must know how to calculate sales: (Retail Price x Quantity). You also need to know how to calculate the cost: fixed cost + (variable price x number of units).

Learn more about CVP analysis here

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