Cost—Volume—Profit (C—V—P) Analysis

W. Armand Layne
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W. Armand Layne: University of the West Indies

Chapter Chapter 9 in Cost Accounting, 1984, pp 150-168 from Palgrave Macmillan

Abstract: Abstract An understanding of the ‘trilogy’—cost, volume and profit — by the management function results from the solutions of simple algebraic equations. The data for cost—volume—profit (C—V—P) analysis can be obtained by arranging information about the firm’s activities in the manner shown in Figure 9.1 utilising the direct costing format. The presentation in the form of graphs, and the reporting of C—V—P analysis to top management highlight the essentials of economic forecasting decisions which are important to their executive decisions. Those decisions are fundamental in the achievement of the firm’s objectives.

Keywords: Variable Cost; Output Level; Fixed Cost; Selling Price; Cost Account (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17691-5_10

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DOI: 10.1007/978-1-349-17691-5_10

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