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ACC 410 (13)
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Department
Accounting
Course
ACC 410
Professor
Keith Whelan
Semester
Winter

Description
Chatper 3 Cost-volume-Profit Analysis Cost-volume-profit (CVP) analysis examines relationship between selling prices, sales volumes, costs and profits - Used to provide information about: Future levels of operating activities Which productsservices to emphasize The amount of revenue required to avoid losses Whether to increase fixed costs How much to budget for discretionary expenditures Profit Equation and Contribution Margin - Contribution margin: CM = R V Tells us how much revenue from each unit sold can be applied toward fixed costs or contributed to cover fixed costs - Contribution margin per unit: CMu = Su Vu - CVP analysis can be performed using either: Units (quantity) of product sold Revenues (i
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