Description
discuss below
complete the following activities:
A. Using the Internet, review at least 3 articles on Profit-Cost-Volume relationship. Summarize the articles in your own words.
B. As a manager, why is Profit-cost-volume important in planning? Support your response with numerical example(s)
C. Using the Internet, review at least 3 articles on Variable Costing. Summarize the articles in your own words.
D. As a manager, discuss how you would use Variable Costing in managerial decisions Support your response with numerical example(s)
write a discussion of 950 words ( atleast 500 words for initial post and 3 replies ( each reply 150 words ))
Minimum of 2 APA REFERENCES FOR INITIAL POST AND MINIMUM OF 1 APA REFERENCE FOR EACH REPLY
PLAGARISM CHECK
Explanation & Answer
Attached.
Running Head: PLANNING AND MANAGEMENT APPLICATION
Planning and Management Application
Student's Name:
Institution Affiliation:
1
PLANNING AND MANAGEMENT APPLICATION
Question A
Typically, cost volume profit analysis refers to the approach of cost accounting the
focuses on the effect changes in cost levels and volume impose on operating profit. According to
Abdullahi et al. (2017), a profit-cost volume relationship is an essential tool in decision making
for business enterprises. The article revealed that small businesses utilize cost volume profit
analysis ignorantly. It is fundamental to sensitize small business enterprises to embrace it to
improve their profits and productivity.
In the second article, Iseni (2018) argues that the profit-cost volume relationship is
implemented based on assumptions such as fixed cost, sale price, and constant variable cost per
unit. Therefore, the article focuses on evaluating the use of profit cost volume in planning and
decision-making processes. The finding shows that the relationship in profit cost volume
positively impacts sales based on the product produc...
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