Is cost-volume-profit analysis still relevant

Assignment Help Financial Accounting

Reference no: EM13142600

Read all the required readings in the background materials about Cost Volume Profit Analysis. Make sure you understand this method and the breakeven analysis which goes with these concepts.

Now carefully read the following article: Costing in new enterprise environment: A challenge for managerial accounting researchers and practitioners

Krishan M Gupta, A Gunasekaran. Managerial Auditing Journal. Bradford: 2005. Vol. 20, Iss. 4; p. 337 (17 pages).
Based on the above article and your prior readings, do you agree with the notion of value costing for the 21st Century organizations. Why or Why Not?

Also based on the above article and other readings, why types of situations may be more appropriate for application of the some of the "tried and true" costing methods of the 20th Century? Are these industry or firm specific?

Is Cost-Volume-Profit Analysis still relevant in the 21st Century business organization? Support your answer with reasoned arguments and references as appropriate.

Reference no: EM13142600

Questions Cloud

How many exam scores would expect to fall between range : Assuming that the sample was not skewed (i.e. it was normally distributed), about how many exam scores would you expect to fall between the range of 75 to 85?

What imvic results indicate the presence of fecal coliforms : If coliforms are found in a water sample, the IMViC test will help determine whether the coliforms are of fecal origin and not from plants or soil. What IMViC results would indicate the presence of fecal coliforms?

Determining total shareholders equity : Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011 What is total shareholders' equity at the end of 2011?

Define base isolation technique has become the method : Base isolation technique has become the method of choice for structural design of buildings and bridges located in highly seismic areas in recent years.

Is cost-volume-profit analysis still relevant : Is Cost-Volume-Profit Analysis still relevant in the 21st Century business organization? Support your answer with reasoned arguments and references as appropriate.

In a plant what would happen to a lateral bud : In a plant, what would happen to a lateral bud if the shoot apical meristem were cut off versus and then auxin in lanolin were put in its place versus just lanolin?

What is the supply curve of the competitive fringe firm : Find the market price, the quantity produce and the profit of each firm and what is the number of firms in the long run equilibrium?

Define deflection of a beam : Deflection of a Beam, If a beam of lenght L is fixed at the ends and loaded in the centre of the beam by a point load of F newtons the deflection

Determine the results of both step of the section : Determine the results of both Step 1 and Step 2 of the Section 1231 netting process and the effect of these occurrences on Brad's net income.

User Account

All Pages