C3 - 1 Learning Objectives Power Notes 1.Cost Behavior 2.Cost-Volume-Profit Relationships 3.Mathematical Approach to Cost-Volume-Profit Analysis 4.Graphic.
Chapter 2. Basic Cost Terminology Cost – resource sacrificed to achieve a specific objective Actual cost – a cost that has occurred Budgeted cost – a.
Chapter 5 Cost Behavior: Analysis and Use. Variable Costs Total Variable Cost Graph Total Costs $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 102030.
Cost Terminology and Concepts. Basic Cost Terminology Cost – resource sacrificed to achieve a specific objective Actual cost – a cost that has occurred.
