Managerial Accounting ACCT 640

Explain the how CVP analysis might be used in your workplace or in a different environment you are familiar with. Why is understanding the mix between fixed costs and variable costs important? How can understanding break-even point change decision making specifically in your example? Why would a non-accountant need to have a good understanding of this type of analysis and terms?

This question will help the students to understand why they need to study accounting. Question responses should be a minimum of 250 words, with a goal of 500 words with at least 1 outside, academic strength source.   A response to at least two of your classmates  is required.