Examlex
"Freedom is like a drum; strike it anywhere and it resounds everywhere" is an example of
CVP Analysis
Cost-Volume-Profit Analysis is a technique in managerial accounting that examines the impact of cost and volume changes on a company’s operating and net income.
Cost-volume-profit
An analysis to determine how changes in costs and volume affect a company's operating income and net income.
Fixed Costs
Costs that do not change in total despite fluctuations in the volume of goods or services produced or sold.
Variable Costs
Charges that fluctuate according to the degree of business operations.
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