MARGINAL COSTING
Variable Costing, Break-Even Analysis, Cost-Volume-Profit Analysis
Ratings 4.00 / 5.00
What You Will Learn!
- Understand the various terms associated with Marginal Costing Technique
- Know the meaning of Marginal Cost
- Understand and appreciate the role of Marginal Costing in Decision Making
- Apply Marginal Costing into your academics or practical business world
Description
This course is intended for all the students and working people who need to understand about the variable costs, fixed costs, marginal costing technique, and how this is a great tool to increase your business profits by better decision making approach.
We will learn about contribution margin, break-even analysis, concept of margin of safety, limiting factor, buy or make decisions.
Applying these concepts into your day to day business can create remarkable difference in your profitability.
This course is also suited to all students of commerce, MBA, CA, CS, CWA, CPA, ACCA who have this topic in their curriculum.
Along with course, we shall solve lot of questions to understand our learning in a better way.
The course starts by introducing the audience to the concept of nature of costs, their variable nature and impact of the same on the total costs, and resultant profits.
We then move to understand the idea of contribution, computing the contribution ratio and using it to easily arrive at various points - Break-even sales, Required Sales for a target profit.
After this, we move on to understand the concept of margin of safety which is very useful to understand the strength of a business. More the margin of safety, the better a firm is placed to deal with uncertainty of future.
We then move on to understand how the whole marginal costing technique can be used to make decisions in order to maximise our bottom-line i.e. profits.
You would surely like the lucid and simple way in which the whole course is delivered.
Who Should Attend!
- Students studying Cost Accounting or People in the role of growing their organisation.
- Beginners looking to understand the nature of costs.