Description
In this course on Cost Trends, students will delve into the intricacies of managerial accounting with a focus on various cost elements. Starting with an exploration of Mixed Costs, we will unravel the complexities of Step Variable Costs and differentiate between Discretionary Fixed Costs and Committed Fixed Costs. The course will equip learners with analytical tools such as the High-Low Method for dissecting mixed costs, demonstrated through practical examples. Additionally, students will master the Least Squares Regression Method, a valuable technique for distinguishing fixed and variable costs. Moving beyond, the course will introduce Learning Curve Analysis, covering the Cumulative Average time Learning Model and Incremental Unit time Learning Model. By the end of this course, participants will have a comprehensive understanding of cost trends in managerial accounting, enabling them to apply these concepts effectively in real-world scenarios.
