A dinner-dance conundrum
13 September 2012
Break-even analysis, festively explained.
This management accounting technique is now included in the Range Statement for element 6.3, Prepare and Evaluate Estimates of Costs and Revenues, in unit 6. Trainee accounting technicians need to develop competence in applying it.
Break-even analysis is a short-term decision making technique and is based on the use of accounting concepts embedded in the marginal costing...