Marketing - What is the RIGHT Price for a Product?

A routine decision faced by all managers is the decision to make a product or to purchase that product. This generally arises when the product is just one part of a larger product. This video explores the Make or Buy decision faced by...

This Video Explains Marketing - Selective Distribution

This Video Explains Marketing - Ideal Market Exposure

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Marketing - Drawbacks of B2B Relationships

Cost orientation is a strategic approach that focuses on costs of operations and reducing the per unit costs.

This video discusses the importance of financial projections in a business plan, particularly for start-up ventures. It emphasizes the significance of the income statement in outlining revenue and expense projections, as well as the need...

In this educational video, we delve into the concept of object costing. The video explains various types of object costing, such as output-related costing, operational objects, and business relationship costs. By understanding the costs...

Departments incur differing levels of activity inputs or costs associated with those activities. This video proposes a method for assigning those costs to a particular department.

Mixed costs are a combination of two or more related fixed and variable costs. Generally, you used the high-low method of a regression analysis to determine the relationship between fixed and variable costs.

Mixed costss are a combination of fixed and variable costs. Step costs are consistent costs that step up and remain constant over a range.

This video explains what are mixed costs (generally a mix between fixed and variable costs) and how those costs are recorded in managerial accounting.

This Video Explains Why Relationships Matter in Marketing

Profit planning includes taking a look at operations, creating interlocking budgets, and allocating resources to maximize revenue and minimize costs.

Measuring the performance of a profit center is based upon the reporting of profits and losses. Pursuing an absorption or variable costing approach for inventory will alter the gross profit calculation.

This video explains the difference between recording costs as product costs versus period costs. These two systems of cost accounting have unique purposes in the managerial accounting system.

Product line analysis is a detailed process employed as part of the managerial accounting process. This video explains what is Product Line Analysis in managerial accounting.

Work in progress inventory moves from the balance sheet to the income statement. It impacts product costing as a Cost of Good Sold.

The components of product cost include direct and indirect costs, including materials, labor, overhead, and consumption.

The process value analysis is an efficiency measure that maps processes to the value added to the organization. Processes with lesser value or higher costs are reduced, eliminated, or transformed.

Process costing concerns assigning the cost of produciton of a product on a per unit basis to a specific period. There are multiple steps in the process and means of allocating costs.

This Video Explains Pricing

What is Strategic Cost Management? Strategic Cost Management is an approach focusing on making a business more competitive by reducing costs of operations. More specifically, it integrates cost information into the decision-making...