Published On Apr 9, 2014
📢 Full course at a special price of only $10.00 found here: https://bit.ly/3m74DZ6 ($39 value). f
In this tutorial I explain the difference between fixed and variable costs. I go over how they change and whether they change based on cost driver activity. I define and graph out some examples so you can see how costs change in relationship to cost driver activity.
⌚ Timestamps
0:00 - Introduction
0:30 - Two Types of Costs
0:55 - Fixed Costs
1:15 - Fixed Cost Example
2:20 - Cost Driver Activity for a Fixed Cost (Total Costs)
4:10 - Cost Driver Activity for a Fixed Cost (Per Unit)
6:00 - Variable Costs
6:40 - Cost Driver Activity for a Variable Cost (Total Costs)
8:10 - Cost Driver Activity for a Variable Cost (Per Unit)
9:45 - Summary of Variable and Fixed Costs
Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages/Note-P...
Follow us on Twitter: / notepirate
We appreciate all of the support you have given us. Be a part of the mission to help us reach more students by subscribing, liking and adding the videos to your favorites!
* Notepirate is privately owned and exclusive to Notepirate.com.*