Cost Volume-Profit relationship
Describe briefly the term Cost Volume-Profit relationship?
Expert
Cost Volume-Profit (or CVP) relationship is and determine that studies the relationships between the following factors and its influence on the amount of profits. -Selling price per unit and sum total sales amount • Total cost that might be in any form that is, Variable cost or fixed cost.
-Volume of sales CVP is a management accounting instrument which expresses relationship between total sales, profit and total cost. Cost Volume-Profit relationship is one of the significant methods of cost and management accounting. It is a powerful instrument which finishing the entire picture of the profit composition and assists in planning of profits. It can as well answer what if kind of questions through telling the volume needed to create. This concept is related in all decision making regions, specifically in the short run.
What are the three best golden rules of accounts?
Give brief introduction of Accelerating Premium System of premium payment?
Write down the function of registrar?
Write down the factors which are taken in consideration while calculating cash inflows and cash outflows?
Write down the advantages of IFRS.
Give a small introduction of the term ‘Gnatt Task Bonus System’?
briefly describe why professional accountancy bodies issue code of the ethics of their member
Write down the merits and drawbacks of acceptance rule ?
Write down the drawbacks of Management Accounting?
Describe briefly the computation of the present value?
18,76,764
1937239 Asked
3,689
Active Tutors
1441080
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!