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Video of Cost Behavour Patterns - Variable and Fixed Costs in Managerial Accounting course by Else Grech Accounting channel, video No. 12 free certified online
The first in a series of videos on cost behaviour patterns and why you should care about cost behaviour!
This video covers the concept of variable and fixed costs, including graphs to demonstrate what these concepts mean.
Future videos will cover mixed costs as well as the concept of relevant range. I will also provide a real life example of how cost behaviour impact a company's risk (and by risk I mean the risk that a company does not have enough revenues to cover all of their costs).
Thanks for watching!!