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Cost Behavior and Cost Volume Profit (CVP) Analysis
Rating: 4.6 out of 5(22 ratings)
1,657 students

Cost Behavior and Cost Volume Profit (CVP) Analysis

Practical Accounting The Better Way to Learn. Breakeven Point, Target Profit, Change of Variables, Practice in Excel.
Created byDr. Jeff Hillard, CMA, CPA and John Wiley, M.Ed.
Last updated 10/2022
English

What you'll learn

  • Using a Pizza Shop Example, learn ONE straightforward method in Excel to analyze Cost Behavior and Use the Method to separate Mixed costs into Variable & Fixed
  • Learn the One Formula needed for this module. Make the CVP Graph Dance to Understand how Price/Unit, Variable Cost/Unit, Fixed Cost and Volume Impact Profit
  • Solve for Breakeven Point and Target Profit using the same One Method - No Formulas to Forget
  • Understand One Method Operating Leverage and Margin of Safety. Enhance your Excel Skills with the Included worksheets.

Course content

7 sections • 7 lectures • 1h 1m total length

  • 5.1 One Formula: One Method : One Graph Past vs Future5:57

    Introducing the Bridge: One formula that you already know applied to the course and a straightforward explanation using the One Method to explain the difference between Absorption and Variable Costing

Requirements

  • No prior accounting experience required

Description

Developed over 15 years by a Professor and Master Tutor Team.  View and use Excel to on the Path to a Deep Understanding of CVP relationships.  Do it All with One Method, One Formula and One Interactive Graph.   Eliminate the Need to Memorize Formulas. 

Lesson 1:  Introducing the Bridge: One formula that you already know applied to the course and a straightforward explanation using the One Method to explain the difference between Absorption and Variable Costing.

Lesson 2:  Learn the how to classify Costs using a Pizza Shop example with Graphics.

Lesson 3:  The Bridge Problem Solving Method is applied to a Self Checking Puzzle format to Separate Mixed Costs. Additional Practice Problems and Solutions are in the Workbook.

Lesson 4:  Integrate the Bridge Method of Computation with the Graphical Chart to develop the foundation of Breakeven Point Analysis.

Lesson 5:  Apply the Bridge Method to calculate Breakeven Point without using the Formulas and apply your knowledge with Practice Puzzles and solutions.

Lesson 6: Module Highlight: Change Price/Unit, Variable Cost/Unit, Total Fixed Cost and Units. Make the Graphs Dance then Apply your Knowledge with Practice.

Lesson 7: Learn Operating Leverage and Margin of Safety using the Bridge Method for straightforward computation and application.

Includes Excel Workbook with Dancing Graphs and Practice Sheets

Who this course is for:

  • Managerial and Cost Accounting students, businesses, and individuals interested in accounting

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