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CVP Analysis is a very useful tool for management's decision making process within the organization....

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Accounting

CVP Analysis is a very useful tool for management's decision making process within the organization. Discuss, giving detail of what is CVP analysis, and stating how it is useful to managers in a service orientated organization.

In your discussion you are expected to speak about the advantages and disadvantages of CVP analysis and explain how managers make use of the different variable such as the margin of safety, break-even analysis and contribution margin and ratio.

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