In this introductory course we explore fixed, variable, and mixed costs and how to use our understanding of these costs to better understand the relationships between cost, volume, and profit.

Course Key Concepts: Introductory managerial accounting, Cost Volume Profit, Fixed cost, Variable cost, Mixed cost, Break-even, Target profit, Contribution margin, Projecting costs, High-low method, Scattergraph/Regression, Margin of safety, Operating leverage.

NOTE: A downloadable file ‘Chapter 3.epub’ is available for this course. To access that file, please click here to download the file and use the appropriate player like (apple books or adobe digital editions) to run the file correctly.

Other Modules of Introductory Managerial Accounting by Erik Slayter.
1. Introductory Managerial Accounting - Classifying Costs
2. Introductory Managerial Accounting - Job Costing
3. Introductory Managerial Accounting - Cost, Volume-Profit Analysis
4. Introductory Managerial Accounting - Budgeting
5. Introductory Managerial Accounting - Variance Analysis
6. Introductory Managerial Accounting - Capital Budgeting

Learning Objectives
  • Identify classify costs by behavior.
  • Discover and calculate measures important to a business with regards to cost/volume/profit.
  • Explore and evaluate changes in inputs and their effect on outputs.
Last updated/reviewed: Aug 15, 2022
1 Review (13 ratings)


Member's Profile
I liked the whiteboard approach - showing how to work out the problems as you discuss them. I also liked the explanations of why and how you would use the calculations. The math on review question 5 and exam question 9 doesn't seem correct.

Course Complexity: Foundational
Basic understanding of financial statements (Introductory Financial Accounting) and the Introductory Managerial Accounting - Job Costing course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Managerial Accounting - Cost, Volume-Profit Analysis0:55
  Understanding Fixed and Variable Cost10:44
  Cost Formula10:54
  Example 118:01
  Calculation of Total Cost and Graphical Presentation16:47
  Calculation of Breakeven Profit with multiple Products13:23
  Few Additional Concepts6:48
  Example 214:56
  Introductory Managerial Accounting - Cost, Volume-Profit Analysis1:32:28
  Handouts: Introductory Managerial Accounting - Cost, Volume-Profit AnalysisPDF
  Practice: Introductory Managerial Accounting - Cost, Volume-Profit AnalysisPDF