Understanding the Nature and Behaviour of Costs
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Understanding the Nature and Behaviour of Costs
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
Frequently asked questions
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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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