LECTURE 5 : Cost Analysis
Objectives of this lecture:
- explains the importance of management accounting for businesses
- do Cost-Volume-Profit analysis
- explains fixed, variable, semi-fixed and semi-variable cost concepts
- analyses the relationship between the cost-volume and profit
- explains break-even sales price, break-even sales volume, Net present value, benefit cost ratio, margin of safety, security ratio, profit margin concepts
Lecture Outcomes:
At the end of the session students will be able to :
- defines budgeting and operating budgets concepts
- prepares both the operating and financial Cost benefit
- do standard variation analysis through standard costs
- define NPV and BCR
Lecture Contents:
