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ACCT 111 2020/2021 Study Guide Chapter 03 Fundamentals of Cost-Volume-Profit Analysis
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Acct 111 – Cost Accounting
Study Guide
Chapter 03 Fundamentals of Cost-Volume-Profit Analysis
Also refer to the chapter material, lecture material and exercises for additional help
Page 1 of 11
Key Concepts
LO 3-1 Use cost-volume-profit (CVP) analysis to analyze decisions. Cost-volume-profit (CVP) analysis studies the relations among revenues, costs, and volume
and their effect on profit to help managers make decisions.
• Managers make decisions on volume, pricing, or incurring a cost that w...
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