Since 1999, Maguire has developed learning interventions based on ‘The Pathway to Excellence’ philosophy and this approach demands that training should not be merely about course delivery, but measureable outcomes. Read more...
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Understanding the Nature & Behavior of Costs
Aim: The delegate will understand more about how decisions are made in a business and why managing cost is essential.
By the end of this module the delegate can:
- Recognise the importance of a business having accurate cost information when making decisions about pricing and capital expenditure
- Identify and understand the difference between fixed and variable costs
- Be able to calculate breakeven point using a breakeven chart
- Be able to calculate breakeven point using the contribution method