Cost-volume-profit (CVP) analysis is a managerial tool and can be used to achieve corporate profitability in any organization. Cost-volume-profit (CVP) analysis is a tool that can be used in firms that are faced with problems having cost, volume and profit implications. It is a true fact that certain cost elements of a firm not only vary but are usually large in proportion e.g. material and labour. Therefore, the main concern of this research study is to profer solution to the following problems:
. Non-employment of sales value in the determination of profitability in firms.
. Lack of relationship between sales value and total cost of firms.
. Non-incorporation of sales value in investment decision in firms.
. Inadequate financial data for cost and profit analysis in firms.
1.2 OBJECTIVE OF THE STUDY
1.3 RESEARCH QUESTIONS
. What is the effect of sales value on profitability in firms?
. What is the true relationship between the sales value and total cost of firms?
. How will firms incorporate sales value in making investment decision?
. Why is there financial data inadequacy for cost and profit analysis in firms?
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