Understanding the Nature and Behaviour of Costs

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Understanding the Nature and Behaviour of Costs

Maguire Training
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Description

Ref: MMT10157

Aim: The delegate will understand more about how decisions are made in a business and why managing cost is essential.

By the end of this module the delegate can:

  • Recognise the importance of a business having accurate cost information when making decisions about pricing and capital expenditure
  • Identify and understand the difference between fixed and variable costs
  • Be able to calculate breakeven point using a breakeven chart
  • Be able to calculate breakeven point using the contribution method

Chapters: Total 8
Viewing Period: 30 days

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Ref: MMT10157

Aim: The delegate will understand more about how decisions are made in a business and why managing cost is essential.

By the end of this module the delegate can:

  • Recognise the importance of a business having accurate cost information when making decisions about pricing and capital expenditure
  • Identify and understand the difference between fixed and variable costs
  • Be able to calculate breakeven point using a breakeven chart
  • Be able to calculate breakeven point using the contribution method

Chapters: Total 8
Viewing Period: 30 days

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    There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.