accounting
Instructions
Write a 2-page paper on Managerial Accounting Tools (using APA 7th ed formatting) and include a cover page and a reference page. You should have a minimum of three references (and remember to use citations in the text to match the references). Find the paper template in the Getting Started menu under Course Resources.
Answer
There are various tools used in managerial accounting. The cost volume profit relationship is one such tool used in establishing how cost and volume variations in an organization affect the income of operation and net income. There are several assumptions considered during the evaluation of the cost volume profit relationship. These assumptions are constancy in total fixed cost, sales price per unit, and variable cost per unit. Besides, activity changes in the organization are the only factor that affects the cost and same mix sell of the organization's products. Al the company costs must be identified if they are either fixed or variable. The Break-even point, as the Cost volume profit relationship may also be referred to, is essential for managers when making crucial economic decisions m...
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