Explain why cost-volume-profit analysis is important for a company. What does the company need to understand about its costs to be able to perform CVP analysis (i.e., which cost classification?)? How might a company that has converted from a highly manual process to an automated one compare from the year before the transition to the year after in regard to its break-even point and the degree of operating leverage? Explain the pros and cons of automating the processes.
Your paper should be two (2) pages in length.
You must follow APA guidelines with respect to the use of subheadings, have one-inch margins, and be double-spaced.
References must include four (4) credible academic references.
Paraphrased and quoted material must have accompanying citations and be cited per APA guidelines