Cost-volume-profit analysis is a tool for working out the sales revenue on future projects

Question

Quizplus · Accepted Answer

Cost-volume-profit analysis is a tool for understanding the relationships between sales revenue, costs, and profits at different levels of production or sales. It is used to determine break-even points, target profits, and to make informed decisions about pricing and production levels. It is not specifically for working out the sales revenue on future projects.

Cost-Volume-Profit Analysis Is a Tool for Working Out the Sales