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what is the profit equation for CVP analysis, and what do each of its variables mean? As a separate question, how is the breakeven point calculated?
what is the profit equation for CVP analysis, and what do each of its variables mean? As a separate question, how is the breakeven point calculated? How can the breakeven point be expressed as an answer? Following up on this, is a business really interested in just breaking even? How is a breakeven analysis useful? What are some of the other answers that CVP analysis can provide to managers?
According to CVP analysis:Profit = Sales Revenue- Variable costs – Fixed costsProfit = SPx – VCx – TFC where:SP = Sales price per unit.VC = Variable cost per unitTFC = Total fixed costs...