Which of the following statements is not correct about the methods managers use to model the relationship between revenues,costs,profit,and volume?
A)Each method provides a different way to express the CVP relationships,yet answers the same basic question.
B)Choice of method depends,in part,on personal preference.
C)Choice of method depends,in part,on the available information.
D)Each method yields a different final answer to be used in analysis.

Question

Quizplus · Accepted Answer

Each method should yield the same final answer when used correctly. If there are different final answers, there may be an error in the calculations or assumptions made in the model.

Which of the Following Statements Is Not Correct About the Methods