Variable Costs and Fixed Costs (Part 1 of 2)

This video is Part 1 of a simple, qualitative explanation of how expenses are categorized as variable or fixed.

[@moali4630]

what an absolute legend!! tutors in my college absolutely suck!

[@sandiswahlengwa8305]

We need more people like you Prof. you're appreciated...

[@elenaocallaghan5371]

This is still completely relevant. Thank you! All of these videos are brilliant!

[@ivaviktoriya]

I train from Nursing to Accountancy Thank you for very clear explanation, the best one I found on KZbin

[@agranyah2739]

its a wonderful presentation that has cleared all my confusion about this topic. Thank you Prof. Larry

[@romanticasia]

Wow! this is so simple to understand. I have now mastered the the two types of costs. Blessings on you!

[@homegiftshops8405]

i would say teacher has tried his best for students to understand the basic concept and deeply about cost allocation. I really appreciate and hope you will help the student who are disappointed and some of them i seen left accounting.

[@Colorskills383]

You're saving my accounting grade! Wish my professor explained this as well as you do. Thank you for the video's and happy holidays!

[@ep6410]

Your explanations are amazingly simple yet straight to the point. Thank you!

[@noelnakka1056]

superb and commendable explaination of variable and fixed cost.Hats off you

[@nadeemragab4008]

Thanks so much for making this easy to understand.

[@ann-mariebrissett3299]

Thank you so much. My visionary mind, really appreciate this well explain chart. So easier to understand.

[@maryammirza6891]

waoo it was Amazing, totally understand each and every point of presentation love it

[@yayabomabibi]

Thank you so much for this video !

[@nevado.]

. azing video, thanks a lot proff

[@bibomc3221]

great presentation, big ups!!!!!!!!!!

[@praveenkumar2323]

Thank you. very useful.

[@bardeesameerah3413]

thanks , you made it seem simple

[@maximusaurelius7306]

Excellent!

[@tereziaflamingoland7603]

you are an excellent teacher. Thank you so much

[@itumelengmokoena3160]

Thank you. You explain much better than my lecture

[@arjunsoehawan192]

good explained. thnx

[@nursultansrazhidinov3600]

Thanks a lot, you are the best!

[@saranyabathey4851]

Thank you for the great detail

[@MrOwais1997]

Wonderfully explained. Looking at the third graph at the bottom, I have a doubt regarding how the variable cost can be higher than 0$ when the number of units produced are 0. Maybe, that is the Total Cost line instead?

[@Champ1305]

Very helpful. Thank you.

[@kasiabe827]

Job 521 was one of the many jobs started and completed during the year. The job required $5,500 in direct materials and 800 hours of direct labor time at a rate of $12 per hour. If the job contained 590 units and the company billed at 60% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer? (Round your answer to 2 decimal places.) I am looking for the answer.

[@reanna6021]

very helpful!

[@piyumithakshila7028]

Thank you !

[@fakelife9439]

plz can u explain for me Making Special Order

[@castella99]

thank you

[@judithgjy]

what about electricity? fixed or variable?

[@eslamreda159]

semi-fixed or semi variable

[@nicoletara353]

i would say variable based on production level.

[@nicoletara353]

just like an apartment, use more electric, electric bill of the month will increase.

[@emergingschoolofeconomics2065]

kzbin.info/www/bejne/m4uwiZKnYr5_kLs

[@ntcuong01ct1]

Dear Friends, I have 2 questions: 1/ In a promotion program (buy 3 product A and 2 product B then customer will rebate to 5000 USD). Question: I want to calculate the break-even point of this program, what are the variable and fixed costs?. 2/ With the long-term business strategy, I think we should do the business process is: Step 1: The Board of Director (BoD) write the long-term strategy. Step 2: The Departments (exclude financial) will be write the plan of each SBU (Strategic busines unit). Step 3: The Financial department write the financial plan (OPEX plan and CAPEX plan, bank loan, M&A transaction) Step 4: The BoD review and feeback, the departments modify and re-submit. Final, the BoD approve. Step 5: The company execute and review the final result. How do you think?. Thank you.