The Business Professor
Cost Behavior
Costs change or react to changes in other organizational levels or variables. Most notably, the Cost Volume Profit analysis analyzes changes in cost related to profitability and volume.
The Business Professor
Continuous Manufacturing
Continuous manufacturing is an approach to manufacturing that includes mass production, process production, and discreet production
The Business Professor
Effects of Variable Costing vs Absorption Costing
This video explains the difference between variable and absorption costing and how it affects inventory and income in production and sales. An understanding of costing methods helps in managing inventory and manipulating income.
The Business Professor
Depreciation: How to Expense Long Term Assets
In this video, the teacher explains the concept of depreciation in accounting. They discuss how long-term assets are expensed over time and the three common methods of depreciation: straight-line, units-of-production, and...
The Business Professor
Cost Volume Profit Analysis - Sensitivity Analysis
A sensitivity analysis as part of the cost volume profit analysis shows how profits vary with changes in cost or volume.
The Business Professor
Cost Behavior - Measuring Output and Relevant Range
Cost behavior generally concerns how costs are affected by changes in output. The relevant range is the range of production over which cost behavior is consistent.
The Business Professor
Direct Materials Purchasing Budget
The direct materials purchasing budget contains all of the materials to be purchased and costs of those materials for a production process during a specified period of time.
The Business Professor
How Marketing Has Changed - Satisfaction
This Video Explains How Marketing Has Changed - Satisfaction
The Business Professor
How Marketing has Changed - Production
This Video Explains How Marketing has Changed - Production
The Business Professor
How does Ethics Interact with Marketing
How does Ethics Interact with Marketing
The Business Professor
Fixed Overhead Analysis
Overhead is a major component of any budget. Overhead may be fixed or variable. A fixed overhead analysis seeks to identify what portions of the overhead is affected by operations.
The Business Professor
Activity-Based Cost Management - Environmental Costs
Activity based management employs activity based costing methods. Environmental costs can be a cost object or activity driver.
The Business Professor
Activity-Based Product Costing
Activity based product costing is the use of activity costing to assign costs to the particular product being produced
The Business Professor
Activity-Based Costing & Management
Activity based costing is a useful tool for management planning and controlling. It helps with decision making, budgeting, and profit analysis.
The Business Professor
Understanding Activity Based Costing and its Relation to Cost of Quality Management
This video provides an overview of activity-based costing and its application to cost of quality management, highlighting the challenges and potential solutions in allocating costs to specific activities.
The Business Professor
Activities related to Activity-Based Costing
Activity based costing seeking to allocate costs to specific activities. There are various levels of activity in the organization - unit-based, batch based, product based, and facility based
The Business Professor
ABC Hierarchy - Limitations
Activity based costing or the ABC Hierarchy as part of the ABC method has numerous limitations.
The Business Professor
Auditing - What is the Production Cycle
This video explains what is the Production Cycle in Audit practice.
Curated Video
Why Did Twitter Impose a Rate Limit
Why did Twitter recently impose a rate limit for all users? The official reason is to combat web scrapers and bots, but others have speculated it's related to issues managing cloud resources.
Professor Dave Explains
Political Philosophy Part 2: Wollstonecraft, Bentham, Mill, and Marx
We just got an introduction to modern political philosophy, so let's continue by looking at some additional important figures approaching the contemporary era. These are Mary Wollstonecraft, Jeremy Bentham, John Stuart Mill, and Karl...
Curated Video
What is Design Thinking? Human-centered Problem-solving
With the continuing rise of Agile Project Management, a term Project Managers are hearing more often is Design Thinking. So, in this video, I will answer the question, 'What is Design Thinking?' Design Thinking is a technical...
Curated Video
Why "Nobody" Lives In Upstate New York
New York State is big in both size and population. But most of its population is within the New York City metro area, leaving the vast majority of the state feeling pretty empty. So why do so many people live in New York City rather than...