Lecture Fundamental accounting principles (21e) - Chapter 22: Master budgets and planning

Lecture Fundamental accounting principles (21e) - Chapter 22: Master budgets and planning. After completing this chapter you should be able to: Describe different types of cost behavior in relation to production and sales volume, describe several applications of cost volume-profit analysis, compute the contribution margin and describe what it reveals about a company's cost structure, analyze changes in sales using the degree of operating leverage.