Cost Behavior Patterns and Implications for Managing a Business
This 9:39 minute video is the first of several developed for Chapter 18: Cost, Volume, Profit, and Business Scalability of the Principles of Managerial Accounting textbook from the website principlesofaccounting.com. Dr. Larry Walther presents the material. Topics introduced include: variable costs, fixed costs, cost struction, economies of scale, relevant range, stepped costs, committed costs, and discretionary costs. Examples including graphs are included. The mirror site links to the text that corresponds to the video.