Cost Behavior: Fixed, Variable, Mixed, and Step Costs

[@AdamFayez]

The cat's sound at 9:09 lol! Thank you for your video, its simple and clear.

[@allkristiningram]

+Abdul Fayez The cats like to help! I'm glad you found it helpful!

[@curtchow]

Excellent use of audio and visual. The mixed colored pens were very helpful. Thank you so much for the explanations.

[@allkristiningram]

You're welcome! Glad I could help!

[@allentian3009]

Thanks for you precise introductions for the step costs and relevant ranges. :)

[@allkristiningram]

My pleasure!

[@vedant6273]

Thank you so much for clearing my doubts in mixed and step costs!

[@allkristiningram]

You are so welcome!

[@bebe8725]

Hey Kristin, I really appreciate your awesome short but powerful lecture! I had some trouble with this simple equation but it is much more clear now. Thanks a lot.

[@diamond_0613]

This video helped me understand the lesson way more than my professor did.

[@allkristiningram]

I am so glad!

[@annadelhierro2115]

This was extremely helpful! I will be looking for other videos to help me through this class. You're fantastic at explaining.

[@allkristiningram]

Thanks Anna! If there are any videos you would like to see, please let me know. You can inbox me or leave a comment on another video.

[@angelstarfire]

Thank you so much for your video! I finally understand step costs 👍

[@allkristiningram]

Glad it was helpful!

[@heruzuzilo]

I'm currently studying this topic this period of my lecture. Thank you, this is very helpful

[@allkristiningram]

You're welcome! Good luck!

[@owaisqureshi2663]

Everything you explained is so clear , thanks a lot.

[@allkristiningram]

+Owais Qureshi you're welcome. Thanks for commenting!

[@12ahungthanh1]

Thank you so much, professor Kristin. Great lecture!

[@allkristiningram]

You're welcome. Thanks for commenting. Don't forget to share with your friends! :)

[@Margaret.F]

Thank you so much for clearing up the step cost variable concept!

[@josuejasper8740]

Sorry to be off topic but does anybody know of a method to get back into an instagram account..? I was stupid forgot my password. I would appreciate any assistance you can offer me

[@brysentitan3811]

@Josue Jasper Instablaster :)

[@josuejasper8740]

@Brysen Titan I really appreciate your reply. I got to the site thru google and I'm trying it out atm. I see it takes a while so I will get back to you later when my account password hopefully is recovered.

[@josuejasper8740]

@Brysen Titan It worked and I now got access to my account again. Im so happy! Thanks so much, you really help me out!

[@brysentitan3811]

@Josue Jasper No problem :)

[@saddamsalokhiddinov5310]

Thanks a lot for simple and clear explanation

[@allkristiningram]

Glad it was helpful!

[@matthiasr2739]

Thank you, very good explained

[@ArmenMkr]

Very helpful video. Thank you!

[@Tech_Stream1]

Marvelous Explanation for Step Cost! Thank you very much!!

[@allkristiningram]

You're welcome!

[@HarmanSingh-ou6ws]

Thank you very much! you are very good teacher and i will never forget about cost behaviour topic now :) lol

[@allkristiningram]

Harman Singh that is great because cost behavior is really at the heart of decision making. Knowing how costs will affect your bottom line going forward is key to solid secion making.

[@amiramahmoud8577]

Thank you very much ❤️

[@allkristiningram]

You're welcome 😊

[@azuka7161]

Thank you for your in-depth explanation.

[@allkristiningram]

You're welcome. Thanks for commenting!

[@jeaniquepretorius6239]

Well Done. Very helpful lecture👍

[@allkristiningram]

Jeanique Pretorius Thank you. So glad you liked it.

[@onlygodcreates9500]

came for Step Costs and harvested Relevant range as well, thank you.

[@allkristiningram]

You're welcome! Thanks for watching!

[@esan3289]

Thanks for the clear explanations, I've learned lots. Out of curiosity, how did you record your writing, is it on a touchscreen laptop? Feel free to pm me if you don't want a long thread in the comment section.

[@allkristiningram]

I use a Wacom Tablet plugged into my laptop.

[@saddamsalokhiddinov5310]

u deserve my subscribtion

[@allkristiningram]

Thank you!

[@mainel6486]

What's the difference between step-variable costs and step-fixed costs? Also, how are they different from mixed costs?

[@allkristiningram]

+Charmaine Le, step costs are not fixed or variable. They are a separate category. A mixed cost has a fixed and variable component to measure the full cost. Sometimes, a step cost looks like a fixed cost if you have a small relevant range.

[@mainel6486]

Kristin Ingram Thank you, Ma'am!

[@allkristiningram]

+Charmaine Le you're welcome! Glad I could help!

[@rebeccagraham6685]

HI. Thanks for the videos I have a question where total fixed costs are $3000. You said that total fixed costs remain constant. However, my accounting teacher says they have to change eg question has 4 drinks sold at different prices. I am confused.

[@allkristiningram]

+rebecca graham I am a bit confused about your question. You said 4 drinks are sold at different prices. I would imagine that the cost of each of the drinks is different. This could be because the variable costs are different or because the number of units produced is different. Let's say you make two different products: A and B. Each of these products has $100 of total fixed costs. We make 5 units of A and 25 units of B. The fixed cost per unit for A would be $20. The fixed cost per unit for B is $4. The total fixed cost is constant but when we allocate it to each unit, the fixed cost per unit is different. I hope that helps. Please let me know if you have any other questions.

[@davidjones9290]

Thank you very much! This helped alot; keep up the good work

[@allkristiningram]

David Jones I'm glad you found it helpful. Thanks for sharing!

[@TK-fe2me]

Thank for your contribution.

[@allkristiningram]

+Daahir Kooshin you're welcome. Thank you for commenting.

[@reyrena7368]

Can you explain me why the cost of food for buffet is mixed cost ???

[@allkristiningram]

Because a minimum amount of food will be on the buffet no matter how many customers you have.

[@reyrena7368]

@@allkristiningram by the way, I like your channel and videoss I am a Business student I m gonna watch all of your videosss ✨

[@TheCapitalCarter]

thanks for the video, simple and straight to the point ........... LOVE IT

[@allkristiningram]

You're welcome. Thanks for commenting!

[@aleksanderplaku1874]

Nice explanation

[@allkristiningram]

+Aleksander Plaku thank you. Glad I could help!

[@liomahhulme7052]

Very helpful, thank you !

[@allkristiningram]

You're welcome! Glad I could help!

[@ernestboateng3954]

thank you too much for this video amazing video made everything clear

[@allkristiningram]

+Ernest Boateng you're welcome!

[@chencherish6092]

thank u for sharing. it does help me~

[@allkristiningram]

Glad I could help!

[@borderlo]

the kitty makes it perfect

[@allkristiningram]

LOL thanks!

[@bobbiejo2911]

thank you

[@allkristiningram]

You're welcome

[@rp-lopez]

you're awesome! Boss status to you, I actually get it

[@allkristiningram]

+Ricardo Perez Thank you so much! I'm going to carry that boss status with pride. So glad I could help!

[@smuhummad38]

Thanks a lot Got it :)

[@allkristiningram]

I'm so glad! You're welcome.

[@le7vii]

Thank you :D

[@allkristiningram]

You're welcome!

[@vichit4202]

good

[@allkristiningram]

+Vi chit thank you for commenting!

[@vichit4202]

Yes

[@Hanuuuuuuuu-x2j]

👌👌👌

[@allkristiningram]

Thanks for commenting!

[@Hanuuuuuuuu-x2j]

Welcome miss.

[@hportillo3486]

Instant like once I heard the kitty sound

[@allkristiningram]

Thanks. They make multiple appearances.

[@raquelm.w.7974]

Very helpful, thank you!

[@allkristiningram]

You're welcome!