Accounting 10, 20, 30
Course Configurations
ACCT22
Module 22: Fixed and Variable Costs (Core)
Outcome
Evaluate the factors a manager considers when making management decisions.
Indicators
| (a) | Discuss factors such as prices of products, volume of sales or production, per unit variable costs, total fixed costs and mix of products sold that a manager considers when making management decisions. |
| (b) | Distinguish costs as being fixed or variable and describe how a manager may use this information. |
| (c) | Determine a mixed costs analysis using the high-low method and the scatter graph method. |
| (d) | Compare an income statement detailing the contribution margin to the traditional income statement and explain how changes in sales levels affect contribution margin and net income. |
| (e) | Create an income statement detailing the contribution margin. |
| (f) | Define the breakeven point to be when sales revenue is equal to total costs. |
| (g) | Calculate the breakeven point in units and sales and discuss how managers would use the breakeven point. |
| (h) | Examine how cost-volume-profit (CVP) analysis connects the relationship of product prices, volume or activity levels, variable costs per unit and total fixed costs. |
| (i) | Apply the CVP equations (e.g., breakeven sales volume = fixed costs ÷ contribution margin) to analyze various scenarios to determine their application to the contribution approach of an income statement. |
| (j) | Analyze various scenarios by applying the CVP equations to determine their application to the contribution approach of an income statement. |
| (k) | Define fixed and variable costs and related terms (e.g., cost behaviours, sales revenue contribution margin, contribution approach). |
| (l) | Compute and explain how changes in sales levels affect contribution margin and net income. |
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R010486
Cornerstones of Financial Accounting(Third Canadian Edition)
This comprehensive student resource has 13 chapters that provides accounting information, definitions, summaries and exercises in each chapter. Case studies provide examples of how accounting decisions impact real world businesses. Due to the high ratio of text in this resource, it may be most suitable as a teacher resource for enrichment activities for intermediate or advanced high school students.
Media and Formats :
Book
Price :
Free
Record posted/updated:
March 16, 2022
R032509
Principles of Accounting(4th ed.)
This Canadian textbook is organized into 15 chapters that develop various concepts associated with accounting. After every concept presented, there are sections to check for understanding and another to apply knowledge. Included at the end of every chapter are sections for computer assignments, internet resources explorations, case studies and career education. An extensive glossary and index are located at the end of the resource.
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Principles of Accounting. Study Guide and Working Papers
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Principles of Accounting. TestGen Test Bank
Media and Formats :
Book
Price :
$106.32
Record posted/updated:
December 7, 2021
R037839
Century 21 Accounting Multicolumn Journal(10th ed.)
This textbook has the same content as the Century 21 Accounting Multicolumn Journal, Introductory Course, Chapters 1-17 (10th ed.) with two additional parts: Accounting for a Merchandizing Business Organized as a Corporation –Adjustments and Valuations; and Additional Accounting Procedures.
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Century 21 Accounting Multicolumn Journal. Instructor's Resource CD
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Century 21 Accounting Multicolumn Journal. Instructor's Resource Kit
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Century 21 Accounting. Multicolumn Journal, Introductory Course, Chapters 1-17
Media and Formats :
Book
Price :
Free
Record posted/updated:
December 7, 2021
R021220
QuickBooks Online for Accounting(4th ed.)
This student resource is a step-by-step guide to use QuickBooks Online. At the end of each chapter are short answer and matching questions as well as five sample business case scenarios for students to practice the concepts described in each chapter. The QuickBooks Online developer has also created video tutorials that are available on Youtube.com.
Media and Formats :
Book
Price :
$179.95 USD
Record posted/updated:
December 8, 2021
R009355
Financial Accounting(Seventh Canadian Edition)
This resource consists of 10 chapters which contain a variety of information, assignments, activities, projects, ethical questions and business analyses that may be more suitable for accounting students. There are may project ideas located in the Stop + Think, Cooking the Books, and Spotlight on Businesses sections. There is an online component to this resource that offers tutorials, homework and assessment program.
Media and Formats :
Book
Price :
$189.99
Record posted/updated:
March 16, 2022