01.01 | Course Outcomes
How many key lessons are covered ?
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Upon completion you should be able to..
⭐ Upon completion you should be able to achieve the expected learning outcomes and develop particular skill sets from the following lessons ▼
Lesson【A】Break-Even Analysis | Cost-Volume-Profit Analysis
⭐ The expected learning outcomes, including but not limited to…
✅ ..explain the features of cost-volume-profit (CVP) analysis.
✅ ..calculate break-even sales volume in dollars and quantity.
✅ ..determine the breakeven point and output level required to achieve a target profit (operating income).
✅ ..understand how income taxes affect CVP analysis.
✅ ..explain how managers use CVP analysis to make decisions.
✅ ..explain how sensitivity analysis helps managers cope with uncertainty.
✅ ..apply CVP analysis to plan variable and fixed costs.
✅ ..differentiate between contribution margin and gross margin.
✅ ..create a cost-volume-profit (CVP) graph.
Lesson【B】Limiting Factor Analysis
⭐ The expected learning outcomes, including but not limited to…
✅ ..know how to choose which products to produce when there are capacity constraints.
✅ ..compute the optimal product mix when production is constrained by a scarce resource.
✅ ..explain how to manage bottlenecks.
⭐ The expected learning outcomes, including but not limited to…
✅ ..explain the concept of opportunity cost.
✅ ..justify why the managers should consider opportunity cost when making insourcing-versus-outsourcing decisions.
✅ ..analyse outsourcing decisions i.e. make or buy decisions.
Lesson【D】Decisions to Discontinue Products, Business Units, or Territories
⭐ The expected learning outcomes, including but not limited to…
✅ ..decide whether to discontinue a product, business unit, or territory.
✅ ..discuss the pitfall (common mistake) to avoid on discontinuation decisions.
