CostVolume Profit Analysis looks at the behavior of total revenues collected, totalcosts, and the operating income based on differences in units sold, their salesprice, variable cost per item, and the overhead fixed costs. Managementundertakes a series of steps during each cost volume profit analysis review,which include:Understand the issueGather informationDevelop predictive alternativesSelect an alternative to addressthe issueImplement the alternative and evaluateits performanceUsingthe above framework for evaluating an effort under cost volume profit analysis,describe a specific example and how you would use these steps to determine theultimate decision to be taken.Please make this 1-2 paragraphs and in APA format.Please include a reference page and site sources within the paper.
