Assignment: Importance of CVP Analysis
Mickelle Bride, the CEO of Harmony Organ, was very excited about the new methods of looking at costs you showed her previously (fixed cost, variable cost, and semi-variable cost, the importance of cost, visual fit, high-low, and least-squares regression.)
Due to her enthusiasm, you have decided to introduce her to some additional tools she may be able to use in her organization. Discuss the concepts of a break-even (BE) point and CVP analysis and why they are important in business. Give appropriate examples to support your views.
Use the Argosy online library to locate at least one resource that will support your answer.
Write your initial response in 3 to 4 paragraphs. Apply APA standards to citation of sources.