Unformatted text preview: constant, which is appropriate for small deviations from current production and sales, and assumes a clean division between fixed costs and variable costs, though in the long run all costs are variable. CVP can be used in a long-run model because it takes a period look at a product. The period can be a year and the data can then be extrapolated over the life of the product to give an estimate of the performance. Jack...
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This note was uploaded on 07/16/2011 for the course COST ACCOU 410 taught by Professor David during the Fall '10 term at Kaplan University.
- Fall '10