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Understanding the Nature & Behaviour of Costs (2020)
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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