Understanding the Nature and Behaviour of Costs 1.00 Credit

Understanding the Nature and Behaviour of Costs
The delegate will understand more about how decisions are made in a business and why managing cost is essential. 

Key Learning Outcomes
  • Recognise the importance of a business having accurate cost information when making decisions about pricing and capital expenditure 
  • Identify and understand the difference between fixed and variable costs 
  • Be able to calculate breakeven point using a breakeven chart 
  • Be able to calculate breakeven point using the contribution method
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