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Week 6 Discussion
Start by choosing one of the following two topics to discuss as your initial post and reply under the appropriate thread below:
- Something old, something new: Did you learn something in this chapter that you did not know before? Or, did you gain confidence because you determined that you have already mastered a concept presented in this chapter?
- Managerial Accounting : What costing system would recommend to start up that manufactures milk? Please provide relevant information and terminology to support your response?
Week 6 Discussion Answer
In Chapter 6, I learned some concepts that relate to Cost-Volume-Profit (CVP) Analysis. In this chapter, the importance of the contribution income statement that we’ve learned previously is highlighted. Through this, we figure out how much contribution margin remains to cover the fixed expenses. In this chapter, the CVP model takes into account the selling prices, variable costs, and fixed costs
This question is taken from Accounting 102 – Managerial Accounting » Spring 2021 » Discussions