Cost Behavior: Fixed, Variable, Mixed, and Step Costs

This video describes the way four different types of costs behave: Variable, Fixed, Mixed and Step.
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****************** NEED MORE HELP? **********************
For more help with cost behavior?:
Variable Cost: accountinginfocus.com/manager...
Fixed Cost: accountinginfocus.com/manager...
Mixed Cost: accountinginfocus.com/manager...
Mixed Cost and the High-Low Method: accountinginfocus.com/manager...
Introduction to Fixed and Variable Costs: accountinginfocus.com/manager...
For more help with your managerial/cost accounting course: accountinginfocus.com/manager...
For information about Accounting In Focus: accountinginfocus.com
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Пікірлер: 92

  • @AdamFayez
    @AdamFayez8 жыл бұрын

    The cat's sound at 9:09 lol! Thank you for your video, its simple and clear.

  • @allkristiningram

    @allkristiningram

    8 жыл бұрын

    +Abdul Fayez The cats like to help! I'm glad you found it helpful!

  • @bebe8725
    @bebe872511 жыл бұрын

    Hey Kristin, I really appreciate your awesome short but powerful lecture! I had some trouble with this simple equation but it is much more clear now. Thanks a lot.

  • @curtchow
    @curtchow6 жыл бұрын

    Excellent use of audio and visual. The mixed colored pens were very helpful. Thank you so much for the explanations.

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    You're welcome! Glad I could help!

  • @annadelhierro2115
    @annadelhierro211510 жыл бұрын

    This was extremely helpful! I will be looking for other videos to help me through this class. You're fantastic at explaining.

  • @allkristiningram

    @allkristiningram

    10 жыл бұрын

    Thanks Anna! If there are any videos you would like to see, please let me know. You can inbox me or leave a comment on another video.

  • @diamond_0613
    @diamond_06133 жыл бұрын

    This video helped me understand the lesson way more than my professor did.

  • @allkristiningram

    @allkristiningram

    3 жыл бұрын

    I am so glad!

  • @allentian3009
    @allentian30094 жыл бұрын

    Thanks for you precise introductions for the step costs and relevant ranges. :)

  • @allkristiningram

    @allkristiningram

    4 жыл бұрын

    My pleasure!

  • @vedant6273
    @vedant62733 жыл бұрын

    Thank you so much for clearing my doubts in mixed and step costs!

  • @allkristiningram

    @allkristiningram

    3 жыл бұрын

    You are so welcome!

  • @angelstarfire
    @angelstarfire2 жыл бұрын

    Thank you so much for your video! I finally understand step costs 👍

  • @allkristiningram

    @allkristiningram

    2 жыл бұрын

    Glad it was helpful!

  • @12ahungthanh1
    @12ahungthanh16 жыл бұрын

    Thank you so much, professor Kristin. Great lecture!

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    You're welcome. Thanks for commenting. Don't forget to share with your friends! :)

  • @ArmenMkr
    @ArmenMkr10 жыл бұрын

    Very helpful video. Thank you!

  • @matthiasr2739
    @matthiasr273910 жыл бұрын

    Thank you, very good explained

  • @davidjones9290
    @davidjones92909 жыл бұрын

    Thank you very much! This helped alot; keep up the good work

  • @allkristiningram

    @allkristiningram

    9 жыл бұрын

    David Jones I'm glad you found it helpful. Thanks for sharing!

  • @Tech_Stream1
    @Tech_Stream16 жыл бұрын

    Marvelous Explanation for Step Cost! Thank you very much!!

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    You're welcome!

  • @heruzuzilo
    @heruzuzilo5 жыл бұрын

    I'm currently studying this topic this period of my lecture. Thank you, this is very helpful

  • @allkristiningram

    @allkristiningram

    5 жыл бұрын

    You're welcome! Good luck!

  • @owaisqureshi2663
    @owaisqureshi26637 жыл бұрын

    Everything you explained is so clear , thanks a lot.

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Owais Qureshi you're welcome. Thanks for commenting!

  • @HarmanSingh-ou6ws
    @HarmanSingh-ou6ws9 жыл бұрын

    Thank you very much! you are very good teacher and i will never forget about cost behaviour topic now :) lol

  • @allkristiningram

    @allkristiningram

    9 жыл бұрын

    Harman Singh that is great because cost behavior is really at the heart of decision making. Knowing how costs will affect your bottom line going forward is key to solid secion making.

  • @ernestboateng3954
    @ernestboateng39547 жыл бұрын

    thank you too much for this video amazing video made everything clear

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Ernest Boateng you're welcome!

  • @TheCapitalCarter
    @TheCapitalCarter5 жыл бұрын

    thanks for the video, simple and straight to the point ........... LOVE IT

  • @allkristiningram

    @allkristiningram

    5 жыл бұрын

    You're welcome. Thanks for commenting!

  • @azuka7161
    @azuka71615 жыл бұрын

    Thank you for your in-depth explanation.

  • @allkristiningram

    @allkristiningram

    5 жыл бұрын

    You're welcome. Thanks for commenting!

  • @chencherish6092
    @chencherish609210 жыл бұрын

    thank u for sharing. it does help me~

  • @allkristiningram

    @allkristiningram

    10 жыл бұрын

    Glad I could help!

  • @saddamsalokhiddinov5310
    @saddamsalokhiddinov53104 жыл бұрын

    Thanks a lot for simple and clear explanation

  • @allkristiningram

    @allkristiningram

    4 жыл бұрын

    Glad it was helpful!

  • @liomahhulme7052
    @liomahhulme70526 жыл бұрын

    Very helpful, thank you !

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    You're welcome! Glad I could help!

  • @TK-fe2me
    @TK-fe2me7 жыл бұрын

    Thank for your contribution.

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Daahir Kooshin you're welcome. Thank you for commenting.

  • @Margaret.F
    @Margaret.F10 жыл бұрын

    Thank you so much for clearing up the step cost variable concept!

  • @josuejasper8740

    @josuejasper8740

    2 жыл бұрын

    Sorry to be off topic but does anybody know of a method to get back into an instagram account..? I was stupid forgot my password. I would appreciate any assistance you can offer me

  • @brysentitan3811

    @brysentitan3811

    2 жыл бұрын

    @Josue Jasper Instablaster :)

  • @josuejasper8740

    @josuejasper8740

    2 жыл бұрын

    @Brysen Titan I really appreciate your reply. I got to the site thru google and I'm trying it out atm. I see it takes a while so I will get back to you later when my account password hopefully is recovered.

  • @josuejasper8740

    @josuejasper8740

    2 жыл бұрын

    @Brysen Titan It worked and I now got access to my account again. Im so happy! Thanks so much, you really help me out!

  • @brysentitan3811

    @brysentitan3811

    2 жыл бұрын

    @Josue Jasper No problem :)

  • @jeaniquepretorius6239
    @jeaniquepretorius62399 жыл бұрын

    Well Done. Very helpful lecture👍

  • @allkristiningram

    @allkristiningram

    9 жыл бұрын

    Jeanique Pretorius Thank you. So glad you liked it.

  • @onlygodcreates9500
    @onlygodcreates95005 жыл бұрын

    came for Step Costs and harvested Relevant range as well, thank you.

  • @allkristiningram

    @allkristiningram

    5 жыл бұрын

    You're welcome! Thanks for watching!

  • @rp-lopez
    @rp-lopez7 жыл бұрын

    you're awesome! Boss status to you, I actually get it

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Ricardo Perez Thank you so much! I'm going to carry that boss status with pride. So glad I could help!

  • @amiramahmoud8577
    @amiramahmoud85772 жыл бұрын

    Thank you very much ❤️

  • @allkristiningram

    @allkristiningram

    2 жыл бұрын

    You're welcome 😊

  • @smuhummad38
    @smuhummad386 жыл бұрын

    Thanks a lot Got it :)

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    I'm so glad! You're welcome.

  • @esan3289
    @esan32896 жыл бұрын

    Thanks for the clear explanations, I've learned lots. Out of curiosity, how did you record your writing, is it on a touchscreen laptop? Feel free to pm me if you don't want a long thread in the comment section.

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    I use a Wacom Tablet plugged into my laptop.

  • @le7vii
    @le7vii6 жыл бұрын

    Thank you :D

  • @allkristiningram

    @allkristiningram

    6 жыл бұрын

    You're welcome!

  • @saddamsalokhiddinov5310
    @saddamsalokhiddinov53104 жыл бұрын

    u deserve my subscribtion

  • @allkristiningram

    @allkristiningram

    4 жыл бұрын

    Thank you!

  • @bobbiejo2911
    @bobbiejo29114 жыл бұрын

    thank you

  • @allkristiningram

    @allkristiningram

    4 жыл бұрын

    You're welcome

  • @rebeccagraham6685
    @rebeccagraham66857 жыл бұрын

    HI. Thanks for the videos I have a question where total fixed costs are $3000. You said that total fixed costs remain constant. However, my accounting teacher says they have to change eg question has 4 drinks sold at different prices. I am confused.

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +rebecca graham I am a bit confused about your question. You said 4 drinks are sold at different prices. I would imagine that the cost of each of the drinks is different. This could be because the variable costs are different or because the number of units produced is different. Let's say you make two different products: A and B. Each of these products has $100 of total fixed costs. We make 5 units of A and 25 units of B. The fixed cost per unit for A would be $20. The fixed cost per unit for B is $4. The total fixed cost is constant but when we allocate it to each unit, the fixed cost per unit is different. I hope that helps. Please let me know if you have any other questions.

  • @aleksanderplaku1874
    @aleksanderplaku18748 жыл бұрын

    Nice explanation

  • @allkristiningram

    @allkristiningram

    8 жыл бұрын

    +Aleksander Plaku thank you. Glad I could help!

  • @borderlo
    @borderlo4 жыл бұрын

    the kitty makes it perfect

  • @allkristiningram

    @allkristiningram

    4 жыл бұрын

    LOL thanks!

  • @mainel6486
    @mainel64867 жыл бұрын

    What's the difference between step-variable costs and step-fixed costs? Also, how are they different from mixed costs?

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Charmaine Le, step costs are not fixed or variable. They are a separate category. A mixed cost has a fixed and variable component to measure the full cost. Sometimes, a step cost looks like a fixed cost if you have a small relevant range.

  • @mainel6486

    @mainel6486

    7 жыл бұрын

    Kristin Ingram Thank you, Ma'am!

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Charmaine Le you're welcome! Glad I could help!

  • @reyrena7368
    @reyrena73683 жыл бұрын

    Can you explain me why the cost of food for buffet is mixed cost ???

  • @allkristiningram

    @allkristiningram

    3 жыл бұрын

    Because a minimum amount of food will be on the buffet no matter how many customers you have.

  • @reyrena7368

    @reyrena7368

    3 жыл бұрын

    @@allkristiningram by the way, I like your channel and videoss I am a Business student I m gonna watch all of your videosss ✨

  • @hanujapandian8700
    @hanujapandian87008 жыл бұрын

    👌👌👌

  • @allkristiningram

    @allkristiningram

    8 жыл бұрын

    Thanks for commenting!

  • @hanujapandian8700

    @hanujapandian8700

    8 жыл бұрын

    Welcome miss.

  • @vichit4202
    @vichit42027 жыл бұрын

    good

  • @allkristiningram

    @allkristiningram

    7 жыл бұрын

    +Vi chit thank you for commenting!

  • @vichit4202

    @vichit4202

    7 жыл бұрын

    Yes

  • @hportillo3486
    @hportillo34865 жыл бұрын

    Instant like once I heard the kitty sound

  • @allkristiningram

    @allkristiningram

    5 жыл бұрын

    Thanks. They make multiple appearances.

  • @raquelm.w.7974
    @raquelm.w.79744 жыл бұрын

    Very helpful, thank you!

  • @allkristiningram

    @allkristiningram

    4 жыл бұрын

    You're welcome!

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