CVP is also sometimes referred to as cost-volume-loss analysis because changes in sales
prices also affect profits (or losses).

Name: CVP is also sometimes referred to as cost-volume-loss analysis because changes in sales prices also affect profits (or losses).
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

CVP stands for Cost-Volume-Profit analysis, which focuses on how changes in costs, volume, and price affect a company's profits, not specifically losses. The term "cost-volume-loss" is not a standard term in accounting or finance.

CVP Is Also Sometimes Referred to as Cost-Volume-Loss Analysis Because