A Course In Analysis - Volume I: Introductory C... !!TOP!!
Cost-volume-profit analysis is used to determine whether there is an economic justification for a product to be manufactured. A target profit margin is added to the breakeven sales volume, which is the number of units that need to be sold in order to cover the costs required to make the product and arrive at the target sales volume needed to generate the desired profit. The decision maker could then compare the product's sales projections to the target sales volume to see if it is worth manufacturing."}},"@type": "Question","name": "What Assumptions Does Cost-Volume-Profit (CVP) Analysis Make?","acceptedAnswer": "@type": "Answer","text": "The reliability of CVP lies in the assumptions it makes, including that the sales price and the fixed and variable cost per unit are constant. The costs are fixed within a specified production level. All units produced are assumed to be sold, and all fixed costs must be stable. Another assumption is all changes in expenses occur because of changes in activity level. Semi-variable expenses must be split between expense classifications using the high-low method, scatter plot, or statistical regression.","@type": "Question","name": "What Is Contribution Margin?","acceptedAnswer": "@type": "Answer","text": "The contribution margin can be stated on a gross or per-unit basis. It represents the incremental money generated for each product/unit sold after deducting the variable portion of the firm's costs. Basically, it shows the portion of sales that helps to cover the company's fixed costs. Any remaining revenue left after covering fixed costs is the profit generated. So, for a business to be profitable, the contribution margin must exceed total fixed costs."]}]}] Investing Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Economy Government Policy Monetary Policy Fiscal Policy View All Personal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All News Markets Companies Earnings Economy Crypto Personal Finance Government View All Reviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard EconomyEconomy Government Policy Monetary Policy Fiscal Policy View All Personal FinancePersonal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All NewsNews Markets Companies Earnings Economy Crypto Personal Finance Government View All ReviewsReviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All Financial Terms Newsletter About Us Follow Us Facebook Instagram LinkedIn TikTok Twitter YouTube Corporate FinanceAccountingCost-Volume-Profit (CVP) Analysis: What It Is and the Formula for Calculating ItByWill Kenton Full Bio LinkedIn Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School for Social Research and Doctor of Philosophy in English literature from NYU.Learn about our editorial policiesUpdated March 27, 2022Reviewed by
A Course in Analysis - Volume I: Introductory C...
Cost-volume-profit analysis is used to determine whether there is an economic justification for a product to be manufactured. A target profit margin is added to the breakeven sales volume, which is the number of units that need to be sold in order to cover the costs required to make the product and arrive at the target sales volume needed to generate the desired profit. The decision maker could then compare the product's sales projections to the target sales volume to see if it is worth manufacturing.
This course is a good first step towards understanding the data analysis process as a whole. Before delving into each individual phase, it is important to learn the difference between all phases of the process and how they relate to each other. After taking this course, you will be better positioned to succeed in other courses in the Data Analyst Nanodegree program. For example, a student who started with Data Analysis with R, which covers the exploratory data analysis phase, might not understand at that point the difference between data exploration and data wrangling. By taking this course first, you will learn what each phase accomplishes and how it fits into the larger process.
This course also covers the Python libraries NumPy, Pandas, and Matplotlib, which are indispensable tools for doing data analysis in Python. Their many convenient functions and high performance make writing data analysis code a lot easier!
IOE 434. Human Error and Complex System FailuresPrerequisite: IOE 333 or IOE 536 or Permission of Instructor. (3 credits)Introduction to a new systems-oriented approach to safety management and the analysis of complex system failures. The course covers a wide range of factors contributing to system failures: human perceptual and cognitive abilities and limitations, the design of modern technologies and interfaces, and biases in accident investigation and error analysis. Recent concepts in the area of high reliability organizations and resilience engineering are reviewed. Students perform systems analysis of actual mishaps and disasters in various domains, including various modes of transportation, process control and health care. CourseProfile (ATLAS)
IOE 438. Occupational Safety ManagementPrerequisite: Enforced: IOE 333 or senior or graduate standing. (2 credits) (7-week course)Survey of occupational safety management methods, theories and activities. Topics include: history of safety engineering, management, and worker compensation; collection and critical analysis of accident data; safety standards, regulations and regulatory agencies; theories of self-protective behavior and accident prevention; and analysis of safety program effectiveness. CourseProfile (ATLAS)
IOE 452 (MFG 455). Corporate FinancePrerequisite: IOE 201, IOE 310, IOE 366. (3 credits)The goal of this course is to introduce a basic understanding of financial management. The course develops fundamental models of valuation and investment from first principles and applies them to problems of corporate and individual decision-making. The topics of discussion will include the net present valuation, optimal portfolio selection, risk and investment analysis, issuing securities, capital structure with debt financing and real options. CourseProfile (ATLAS)
IOE 461. Quality Engineering Principles and AnalysisPrerequisite: IOE 366. (3 credits)This course provides students with the analytical and management tools necessary to solve manufacturing quality problems and implement effective quality systems. Topics include voice of the customer analysis, the Six Sigma problem solving methodology, process capability analysis, measurement system analysis, design of experiments, statistical process control, failure mode and effects analysis, quality function deployment and reliability analysis. CourseProfile (ATLAS)
IOE 474. SimulationPrerequisite: IOE 316, IOE 366, IOE 373. (4 credits)Simulation of complex discrete-event systems with applications in industrial and service organizations. Course topics include modeling and programming simulations in one or more high-level computer packages such as ProModel or GPSS/H; input distribution modeling; generating random numbers; statistical analysis of simulation output data. The course will contain a team simulation project. CourseProfile (ATLAS) 041b061a72