Assignment: CVP Analysis
Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs and volume affect their operating expenses and net income.?In other words, CVP is a methodical analysis of the dynamic inter-relationship between?selling?prices, sales and production volume, cost expenses, and profits.
Respond to the following in a minimum of 150 words:
• Explain each of the three elements of CVP analysis.
• Discuss how managers use CVP analysis.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.