About This Chapter
Cost Behavior Analysis and Cost-Volume Profit - Chapter Summary and Learning Objectives
What kinds of cost and profit analyses are done by accountants? With these lessons, you will have the opportunity to reinforce what you might know or learn new information about the tools used to conduct these analyses and why they are important. Instructors in these lessons will address:
- How to perform an analysis of mixed costs
- How to create a contribution margin statement
- What the basics of a cost-volume-profit analysis (CVP) are
- How to select a cost structure for CVP
- What factors are involved in target-profit and break-even analyses
|How to Analyze Mixed Costs||Identify ways to analyze mixed costs.|
|Creating Contribution Margin Income Statements||Describe how to develop a contribution margin income statement.|
|Cost-Volume-Profit Analysis: Definition & Examples||Explore the concepts of cost-volume-profit analysis.|
|How to Select a Cost Structure for CVP||Explain how to determine a cost structure when analyzing CVP.|
|Target-Profit & Break-Even Analysis||Describe what is used to analyze target-profit and break-even goals.|
1. How to Analyze Mixed Costs
In this lesson, we'll explore costs. We'll learn about fixed and variable costs, and we'll revolve our lesson around mixed costs. Finally, we'll look at some examples and learn how mixed costs are calculated.
2. Creating Contribution Margin Income Statements
When a manager is trying to figure out quickly if variable costs are getting out of control, a contribution margin income statement can be very valuable. In this lesson, we learn about such statements.
3. Cost-Volume-Profit Analysis: Definition & Examples
In this lesson, we'll explore cost-volume profit analysis, which companies use to help them figure out how many products to make, and at how much to sell them for in order to make their desired profit. We'll also discuss contribution margins.
4. How to Select a Cost Structure for CVP
Companies incur costs to make a profit. Management must choose a cost combination that will maximize profit. In this lesson, you'll learn how to select a cost structure.
5. Target-Profit & Break-Even Analysis
A business needs to know how many units to produce in order to cover its costs and make a profit. In this lesson, you'll learn about break-even analysis and calculating target profit.
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Other chapters within the Accounting 102: Intro to Managerial Accounting course
- Overview of Managerial Accounting
- Cost Types
- Job-Order Costing & Process Costing
- Basics of Activity-Based Costing
- Budgeting & Standard Costs
- Reporting Systems & Structures in Accounting
- Short & Long-Term Decision-Making in Accounting
- Basics of Financial Statement Analysis
- Studying for Accounting 102