A cost-volume-profit graph is frequently used in business meetings because it presents a picture of cost
Question # 00261819
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Updated on: 04/25/2016 01:22 PM Due on: 05/25/2016
A cost-volume-profit graph is frequently used in business meetings because it presents a picture of cost relationships within a company. Briefly describe the type of information and data that you would need in order to prepare a CVP graph. After a CVP graph is prepared, what are the major points that could be made from the graph that would be of interest to management?
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Solution: A cost-volume-profit graph is frequently used in business meetings because it presents a picture of cost