Instructor for this course
more

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

Prerequisites

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  0:55Introduction to Managerial Accounting - Cost, Volume-Profit Analysis
  10:44Understanding Fixed and Variable Cost
  10:54Cost Formula
  18:01Example 1
  16:47Calculation of Total Cost and Graphical Presentation
  13:23Calculation of Breakeven Profit with multiple Products
  6:48Few Additional Concepts
  14:56Example 2
CONTINUOUS PLAY
  1:32:28Introductory Managerial Accounting - Cost, Volume-Profit Analysis
SUPPORTING MATERIAL
  PDFHandouts: Introductory Managerial Accounting - Cost, Volume-Profit Analysis
  PDFPractice: Introductory Managerial Accounting - Cost, Volume-Profit Analysis
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM