V. Cost Behavior

Student Resources

Part One: Email Application Activities

Think about where you work.   Identify examples of fixed costs and variable costs?

Part Two: Chapter Assignment and Homework Problems

Read chapter four in Jones, Werner, Terrell, and Terrell. Home work: 5-17, 5-19, 5-24, 5-26, 5-35

Part Three: Spreadsheet Application Activities

5-37  (How to create a scatter diagram in Excel)   (Interpreting regression analysis in Excel)

Part Four: Unit Outline with Reading Assignments

I. Cost Behavior 

    A. Fixed Costs

    B. Variable Costs

    C. Mixed costs

    D. Relevant Range

    E. Opportunity Costs

    F. Sunk Costs

    G. Average Costs

    H. Marginal Costs

II. Identifying fixed and variable costs elements of a mixed cost

    A. Scatter Diagram

    B. High Low Method

    C. Regression Analysis