On a hot summer day, the cars eagerly await cold lemonade and ice cream, but the delivery truck arrives with melted ice cream and just water! Leo and Lea come up with a plan to convert the truck into a refrigerated vehicle using parts...

Professor AJ Kooti explains what is variable costing and Absorption Costing in Managerial Accounting.

Professor AJ Kooti explains what is the Theory of Constraint in managerial accounting.

Professor AJ Kooti explains and provides an example of Special Order Pricing in Managerial Accounting.

Professor AJ Kooti explains the advantages of employing variable costing in managerial accounting.

Explores the units of equilibrium constants for reactions in different states

Job order costing concerns applying the costs of a specific job to that job for purposes of accounting. Process costing assigns costs to a given process in the organization that gives rise to a finished product.

What are the components of an invoice? An invoice is a document that you send to customers to request or collect payment for a good or service that has already been provided. There are nine basic components in an invoice: company...

This Video Explains Marketing Metric - What is Time to Profit

Marketing - Why Pricing Discrimination is Harmful?

This Video Explains Marketing - What is Return on Investment

Unit cost is an important metric for manufacturing firms to judge efficiency, profitability, and pricing

What is Performance Evaluation for managers? A manager performance evaluation is an assessment that a supervisor conducts to determine how well a manager is fulfilling their duties. This kind of performance evaluation can consist of a...

Departments incur differing levels of activity inputs or costs associated with those activities. This video proposes a method for assigning those costs to a particular department.

This video explains what are mixed costs (generally a mix between fixed and variable costs) and how those costs are recorded in managerial accounting.

Traditional costing methods have numerous positive and negative attribtutes when compared to activity-based costing. This video explains the issues that arise when using traditional costing methods rather than activity-based costing.

Profit Oriented Pricing Strategy

Process costing concerns assigning the cost of produciton of a product on a per unit basis to a specific period. There are multiple steps in the process and means of allocating costs.

Target Profit Analysis is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

Variance in any of major variables employed in the cost volume analysis will cause a variation in the expected output or profits from operations. This video identifies the major variables that may vary in a CVPA analysis.

Activity-based costing identifies numerous categories or types of activity to which costs are allocated. This video explains the the types of activities employed in activity-based costing.

In this video, the speaker discusses the different roles that managers play in an organization. They explain how these roles can be categorized into three main categories: interpersonal, informational, and decisional.

This video explains the concept of weighted average costing and how it is used in assigning the average cost of production to a product. The teacher highlights that this method is efficient when inventory is commoditized and all units...

Units-of-Production Method example