Cost Data Analysis

Analyzing Cost Data for Planning v.2

Course Overview:
Cost-volume-profit (CVP) analysis, together with cost behavior information, helps cost/managerial accountants perform many useful analyses. Cost-volume-profit analysis is useful as a frame of reference, as a vehicle for expressing overall managerial performance, and as a planning device via break-even techniques and "what-if" scenarios.

This course highlights the analytical usefulness of CVP analysis as a tool for profit planning. It looks at three types of cost behavior - variable, fixed, and mixed. Two popular methods of separating mixed costs in their variable and fixed components: the high-low method and regression analysis are also discussed. The last part of the course covers budgeting for profit planning and financial modeling.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Describe various contribution margin concepts.
  • Compute the sales necessary to break even or to achieve a target income.
  • Prepare break-even and profit-volume charts.
  • Explain four methods of estimating cost functions: engineering analysis, account analysis, high-low method, and least-squares regression method.
  • Develop a formula using the high-low method.
  • Explain the need for multiple regression analysis.
  • Prepare sales, production, cost, and cash budgets.
  • Describe how budgets aid in planning and control and how a computer-based financial modeling approach may be used in the planning process.

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
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    content, SmartPros has been providing mandatory continuing education
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    Prerequisites/Advanced Preparation:

    Basic math; Basic accounting

    Speaker / Author:

    Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 8 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

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    Price (USD)

    Standard Rate: $49.90

    Details

    Course Code : 991441-v2

    Release Date : 01/11/2013
    Expire Date : 12/31/2019
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : New Standards
    Passing Grade : 70%
    Format Type : eLearning
    Field Of Study : Management Services

    Theme : Cost Data Analysis

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