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What are the differences between cost volume profit analysis and break even profit analysis?
there no difference between break even profit analysis and cost volume profit analysis
What is the difference between a sales volume variance and a sales price variance?
Volume is a change in how many products you sell Price is a change in how much you charge for the product
Is there any difference between sales volume variance and Sales Quantity Variance?
Yes
Is volume qualitative or quantitative?
volume is a qualitative propertie
What are the three characteristics of activity Based costing?
The important characteristics of ABC are noted below: v 1)Simple traditional distinction made between fixed cost and variable cost is not enough guide to provide quality information to design a cost system. v 2)The more appropriate distinction between cost behaviour patterns are volume(scale) related, diversity(scope) related, events(decisions) related and time related. v 3)Cost drivers need to be identified. A cost driver is a structural determinant of cost related activity. The logic behind is that cost drivers dictate the cost behaviour pattern. In tracing overhead cost to product, a cost behaviour pattern must be understood so that appropriate cost driver could be identified.
