What Is Cvp Analysis?

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Muskan Anand

1 year ago

Profit is the most important measure of the firm’s performance. In the free-market economy, profit is a guide for allocating resources efficiently. An analysis of the effects of various factors on profits is an essential step in the financial planning and decision-making. The analytical technique used to study the behavior of profit in response to the changes in volume, costs and prices is called the cost-volume-profit (CVP) analysis.

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