Q214
Cost volume profit analysis is otherwise called as
A.
budgeting techniques
B.
statistical controls
C.
break even analysis
AnswerD.
cost control
Answer: Option C
Solution
Answer: Option C
Solution:
Cost volume profit analysis is otherwise called as break even analysis. Break-even analysis is a technique widely used by production management and management accountants. It is based on categorising production costs between those which are "variable" (costs that change when the production output changes) and those that are "fixed" (costs not directly related to the volume of production).