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Cost volume profit Analysis

Course Reviews

Track :

Business

Lessons no : 13

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Lessons | 13


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4.4
27 Reviews
Dr.Ghvs Sarma

Interesting 2024-06-17

Santhosh Gouda

Good 2024-06-13

K. Vikas

Good 2024-06-13

Estore AWANOU

Overall, I am very satisfied with the course. It significantly improved my grasp of CVP analysis and its role in business decision-making. I would definitely recommend this course to anyone looking to strengthen their understanding of cost and profit management. 2024-03-30

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Cost-volume-price (CVP) analysis is a way to find out how changes in variable and fixed costs affect a firm's profit. Companies can use CVP to see how many units they need to sell to break even (cover all costs) or reach a certain minimum profit margin.What are the three elements of cost volume profit analysis? Classmate #1: The cost-volume profit analysis requires three vital elements to make an accurate result. Those elements are activity level, variable cost per unit, and the total fixed cost.Why is cost volume profit analysis? By breaking down costs into fixed versus variable, CVP analysis gives companies strong insight into the profitability of their products or services. Many companies and accounting professionals use cost-volume-profit analysis to make informed decisions about the products or services they sell.