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ACC 303 GSU Intermediate Accounting Relationship of Variables CVP Exercise

ACC 303 GSU Intermediate Accounting Relationship of Variables CVP Exercise

Question Description

1..Cost volume profit (CVP) analysis can be a beneficial tool for companies to use to show how sales are affecting how many products they should produce or if the company is even selling enough to continue to produce the product, or if that should be adjusted. The main takeaway from the reading on CVP was its relationship between selling prices, sales and production volume, costs, expenses, and profits. Reply within 2-3 sentences

2. Now that you have learned about cost-volume-profit analysis techniques, do you think these techniques can be used for all types of organizations (for-profit, not-for-profit, service, retail, manufacturing, etc.) or only certain organizations to make strategic business decisions? Why, or why not? Answer within 5 sentences

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