Intro to Financial Analysis and Managerial Accounting!

Explore finance definitions: fixed costs stay constant, variable costs rise with production, and learn sales price, unit margin (unit contribution margin), and total margin after deducting fixed and variable costs.

Explore budgeting and forecasting for a small gym, using Surfers Gym as a case study, and compute total margin from membership revenue, add-ons, and expenses in Google Sheets.

Use a Google Sheet to categorize fixed and variable costs, and calculate unit contribution margin. Determine break-even and margin forecast, then examine cash is king and location sustainability before replication.

Define paradise in variance analysis, distinguish favorable and unfavorable variances, and break analyses into rate and quantity, illustrating correlations with hamburger price examples.

Budgets a hamburger food truck by calculating revenue, fixed and variable costs, and margin, then uses scenario analysis to explain variances and guide improvement actions.

Apply variance analysis to explain budget variances and decide actions for rate or quantity issues, while guarding against confirmation bias through a rigorous deep dive and self-questioning.