Write a short (500 words) Journal Entry to explain:
The key things you learned from the topics
How can they relate to the workplace?
How they can aid your personal and professional development?
Remember to be specific and give examples
Topics
The concepts of unit contribution and contribution sales ratio.
Use
unit contribution and contribution sales ratios to calculate break even
points, margins of safety and calculate target profits.
Apply different approaches to pricing.
The limitations of using cost volume profit analysis in short term decision-making.
Evaluate different approaches to budgeting.
The role of individual functional budgets and their inter-relationship to form the master budget.
Evaluate the behavioral aspects of budgeting.
The role of standard costing as a tool to monitor performance and establish management control.
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