Cost-Volume-Profit (CVP) Analysis for decision making
The third chapter presents the methodology of CVP analysis as a decision making tool. It describes the preparation of the contribution margin report which correlates costs, sales volume and profit. Also, it explains how the CVP analysis can be used for strategic decision-making purposes such as product pricing, cost structure change, etc. Finally, the chapter illustrates how the uncertainty factor can be integrated into the conceptual framework of CVP analysis by using excel spreadsheets such as scenario analysis and sensitivity analysis.
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|Bibliographic Reference:||Aggelopoulos, E., & Georgopoulos, A. (2022). Cost-Volume-Profit (CVP) Analysis for decision making [Chapter]. In Aggelopoulos, E., & Georgopoulos, A. 2022. Management Accounting [Undergraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/8342|
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Kallipos, Open Academic Editions
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