0
Still curious? Ask our experts.
Chat with our AI personalities
Maxine
Taiga
EzraAdd your answer:
Earn +20 pts
How CVP analysis is used in managerial accounting decision making?
Cost-Volume-Profit (CVP) Analysis considers the impact that changes in output have on revenue, costs, and net income. In applying CVP Analysis, costs are separated into variable and fixed costs. This distinction is important because, as mentioned previously, variable costs change with changes in output, whereas fixed costs remain constant throughout what is referred to as a relevant range. CVP analysis is based on the following equation: Profit = Total Revenues - Total variable costs - Total fixed costs
What does CVP monitor?
Central Venous Pressure
Is the cvp 409 gp better than the cvp 509?
Not really. The CVP509 has a better screen and more sounds/voices/styles/etc. The CVP409GP is obviously a grand piano, while the CVP509 is an upright. Too bad they don't make a CVP509GP (yet?)!
Economists and accountants have diametrically opposite views of cost-volume profit CVP behavior but only accountant's have a CVP model that is appropriate for assisting management with decision makin?
study! and do the assignment your self
What is the cost volume profit analysis?
cvp is the analysis that deals with how profits and cost change with a change in volume
