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Essay / Research Paper Abstract
A 6 page paper discussing cost-volume-profit (CVP) analysis, its uses and limitations. The bottom line on CVP analysis is that it may or may not provide a full and accurate picture of reality on the shop floor. At the very least, however, it does provide an indication of the costs associated with an end result and can be used for gross analysis or as an indicator that closer inspection is appropriate. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: CC6_KSacctMgDec.rtf
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Unformatted sample text from the term paper:
currently operate in highly competitive environments and are forced to operate as efficiently as possible. No organization can achieve the greatest possible degree of efficiency if it cannot accurately
determine how much its processes cost, how valuable its sales are, or how it can improve on current systems. In essence, it must be able to determine precisely where
it is in any number of aspects of its business. Management information and control (MIC) systems enable the organization to do just that.
An old sales training line addresses the issue of goal setting. Trainers tell trainees that they cannot possible know where they are going - or if they have
arrived - if they have no idea of where they are, what their destination is or what routes are available to them. In many respects, MIC systems can be
viewed in the same manner. The difference is that MIC systems highlight where the organization is and provide information about choices of how to proceed, enabling management to select
the best route to travel. Cost-Volume-Profit (CVP) analysis is one of those tools. The Cost-Volume-Profit Relationship Jiambalvo (2004) provides an example of the
cost-volume-profit relationship in the introduction to Chapter 4, describing the information available to Mary Stuart and some of the decisions she needs to make using that information (p. 111).
On the one hand, the company knows how many bar code readers it sold during the previous year, how much production cost and how much profit the company made on
the units it sold. On the other, production costs increased (as did production - actual per-unit costs may not have increased at all), and the company is contemplating increasing
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