Cost Volume Profit Analysis
Definition of Cost Volume Profit AnalysisCost Volume Profit Analysis explains the behavior of profits in response to a change in cost and volume. In other… Read Article
Margin of Safety
Margin of Safety
The margin of safety is a tool used in CVP analysis. A business is profitable when revenue exceeds the costs. A part of the… Read Article
Difference between Breakeven Point vs. Margin of Safety
Break-even point (BEP) is the level of sales where total costs (a combination of fixed and variable) equals total revenues. In other words, the… Read Article