Chapter 2: CVP Flashcards by Emiel Rossel-Cambier | Brainscape

Q

What does CVP stand for?

A

Cost-Volume-Profit

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Q

Cost-volume-profit (CVP)

A

A tool used to analyse how changes in variable and fixed costs affect a firm’s profit

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Q

Use(s) for CVP

A

Figure out minimum units sold to break even
Figure out minimum profit margin

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