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How important is break-even analysis to a firm?
Breakeven analysis has very much significant for management as it helps the management to identify how much units of products must be produce and sale to at least cover the fixed cost and start earning some profit. If breakeven analysis is not done before production they will unable to realize that how much number of units required to produce and in the end they may have to realize that after so much effort to produce and sale of product, they are still behind to fully recover their fixed cost or required profit level.
When an offeror is required to provide certified cost or pricing data should be used to verify that the overall price offered is fair and reasonable.?
price analysis
What are the differences between cost volume profit analysis and break even profit analysis?
there no difference between break even profit analysis and cost volume profit analysis
What is the cost volume profit analysis?
cvp is the analysis that deals with how profits and cost change with a change in volume
What does Standard cost card shows in cost accounting?
Standard Cost Card shows that how much standard cost of direct material, direct labour and manufacturing overheads and other costs are required to manufacture product or service and it is helpful in control stage and variance analysis.
How important is break-even analysis to a firm?
Breakeven analysis has very much significant for management as it helps the management to identify how much units of products must be produce and sale to at least cover the fixed cost and start earning some profit. If breakeven analysis is not done before production they will unable to realize that how much number of units required to produce and in the end they may have to realize that after so much effort to produce and sale of product, they are still behind to fully recover their fixed cost or required profit level.
Why does the preliminary hazard analysis is required that you identify potential hazards in every event to the operation?
to overcome the tendency to focus only on immediately obvious risks
When will a cost analysis be done?
when will a cost benefit analysis be done
What is functional costing How does it relate to the functional analysis?
Functional costing is a method of cost analysis that assigns costs to the functions of an organization or product, helping to identify areas of inefficiency and opportunities for cost reduction. It relates to functional analysis by providing a detailed understanding of how costs are incurred within each function of an organization or process, allowing for a more accurate assessment of cost drivers and performance metrics.
What characterizes cost-benefit analysis?
Cost-benefit analysis is rational.
When will a cost benefit analysis be done?
when will a cost benefit analysis be done
What is the difference between functional cost analysis and engineering cost analysis?
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What do you understand by cost-benefit analysis and what are its uses and limitations?
What do you understand by cost analysis
With object oriented analysis programmers identify?
classes
Your role under worksite analysis with regards to conducting a hazard analysis is to?
A. document hazards C. identify hazards of the job
What is the importance of a cost analysis?
A cost benefit analysis balances cost of the action against the benefits one expects from it.
What is Goal-seeking analysis?
goal-seeking analysis
