Discussion :: Industrial Engineering and Prod'n Mgmt
- Breakeven analysis is a
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A.
Short term analysis |
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B.
Long term analysis |
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C.
Average of short and long term analysis |
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D.
Any one of these |
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Answer : Option A
Explanation :
Break-even analysis is a technique widely used by production management and management accountants. .
Total variable and fixed costs are compared with sales revenue in order to determine the level of sales volume, sales value or production at which the business makes neither a profit nor a loss (the "break-even point").
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