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which of the following statements is/are true about cost-volume-profit (cvp) analysis? (select all that apply). a. CVP analysis can be applied to a department within a company and
b. CVP analysis can be applied to a particular product line of a company.

Answer :

Vinodhiniss

CVP analysis can be applied to a department within a company and to a particular product line of a company.

What is CVP analysis ?

  • Finding out how changes in variable and fixed expenses impact a company's profit can be done using a cost-volume-profit (CVP) analysis.
  • Companies can utilize CVP to determine the number of units they must sell to achieve break-even (cover all costs) or a specific minimum profit margin.
  • The sales price, fixed expenses, and variable costs per unit are just a few of the numerous presumptions made by CVP analysis.
  • The CVP analysis demonstrates the behaviour of revenues, costs, and profits as volume changes.
  • Managers can perform sensitivity analysis by looking at how different prices or cost levels affect profit using CVP analysis.
  • CVP analysis is applicable to businesses with one product or many products.
  • Thus, both Options a and b are correct .

To learn more about CVP analysis, refer:

https://brainly.com/question/23894490

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