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Please explain why cost-volume-profit analysis is important for a company. What does the company need...

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Accounting

Please explain why cost-volume-profit analysis is important for a company. What does the company need to understand about its costs to be able to perform CVP analysis (i.e. which cost classification?)? How might a company that has converted from a highly manual process to an automated one compare from the year before the transition to the year after regarding their break-even point and the degree of operating leverage? Explain the pros and cons of automating the processes.

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