I've just begun watching your Contribution Margin Income Statement playlist (CVP analysis), and I'm really impressed with how you simplify complex concepts. Thank you so much, all the way from India!
I have an entire course on managerial accounting in the event that you need additional study materials. All the content on my site is free of charge. edspira.com/courses/managerial-accounting Good luck on your exam!
Thanks for your free accounting videos. You explain super clearly, your writing is neat and your voice is nice. I am using these videos to help me review basic concepts I forgot before the CFE.
I believe you may have made a slight mistake in the follow up example. You said that if sales are USD 100, and that the contribution margin is 10%, this means that USD 90 go towards covering variable costs and you wrote down "90 - VC". But, this is incorrect, as those entire USD 90 are all variable costs. This is because to get our contribution margin we do (Sales - Variable Costs) = CM, and CM Ratio = CM/Sales, meaning if we have USD 100 in sales and a 10% CM Ratio, USD 100*0.1 = USD 10 (meaning USD 90 were variable costs and the remaining USD 10 goes to covering fixed costs and remainder is profit if there is any). If I am mistaken please let me know, but perhaps you meant to draw out (=) and drew a minus instead, that is the only logical way I could explain that. Thank you for your videos!
If you want the contribution margin on a per unit basis, then you would divide the contribution margin (sales less variable costs) by the number of units sold.
Please sir help me for this question Company makes a single product that it sells for $180 per unit and has a contribution margin ratio of 28%. The company's fixed cost are $98,000. If company desires a monthly target operating profit equal to 20% of sales, what will sales have to be ? A) 5,940 $. B) 6,806 $. C) 7,245 $. D) 5,512 $.
I love this teacher he is so good at explaining.
I must say all your lessons are wonderful, the way you explain more valuable than any professor does
I've just begun watching your Contribution Margin Income Statement playlist (CVP analysis), and I'm really impressed with how you simplify complex concepts. Thank you so much, all the way from India!
I'm doing this in school n if wasn't for ur help I wouldn't have understand..... thank u very much TH-cam is very very useful
Can’t thank you enlighten for these videos. Coming from a background with zero knowledge in accounts, your videos have helped a ton with my studies.
I wish I had known about this at the beginning of the semester. It's a big help to prepare for my final!!
I have an entire course on managerial accounting in the event that you need additional study materials. All the content on my site is free of charge. edspira.com/courses/managerial-accounting Good luck on your exam!
THIS WAS HELPFUL! THANKS FOR THE POST!
You are really good and teaching man
This is so helpful I think you will be my tutor this semester 😉😉
Thanks for your free accounting videos. You explain super clearly, your writing is neat and your voice is nice. I am using these videos to help me review basic concepts I forgot before the CFE.
No problem, I'm glad you're enjoying the videos!
This is FANTASTIC.
Thank you!
Thank you sooo much for this, I can actually understand it now
Thank you so much😊
I believe you may have made a slight mistake in the follow up example. You said that if sales are USD 100, and that the contribution margin is 10%, this means that USD 90 go towards covering variable costs and you wrote down "90 - VC". But, this is incorrect, as those entire USD 90 are all variable costs. This is because to get our contribution margin we do (Sales - Variable Costs) = CM, and CM Ratio = CM/Sales, meaning if we have USD 100 in sales and a 10% CM Ratio, USD 100*0.1 = USD 10 (meaning USD 90 were variable costs and the remaining USD 10 goes to covering fixed costs and remainder is profit if there is any).
If I am mistaken please let me know, but perhaps you meant to draw out (=) and drew a minus instead, that is the only logical way I could explain that. Thank you for your videos!
Perfect. Thanks.
Thank you very helpful
very helpful thank you very much
really good 😊
thank you so much for giving us ideas it's very helpfull for account..
No problem. Thanks for watching!
very good
Thank you!
LEGEND!!!!!
can this be used to find the amount per item?
for my invoice homework, I am having trouble with the contribution number.
If you want the contribution margin on a per unit basis, then you would divide the contribution margin (sales less variable costs) by the number of units sold.
Please sir help me for this question
Company makes a single product that it sells for $180 per unit and has a contribution margin ratio of 28%. The company's fixed cost are $98,000. If company desires a monthly target operating profit equal to 20% of sales, what will sales have to be ? A) 5,940 $. B) 6,806 $. C) 7,245 $. D) 5,512 $.
If your sells are less than your fixed costs....how do you make profit
At break even point
Sales-Variable Costs = Fixed Cost
*HOW* would you find "Contribution margin per Unit* given that SAME info. in the video?????
Contribution Margin Per Unit= Total Contribution Margin+Total Units Sold
you probably dont need it but for people who are looking for it.
I am confused. Is it net income or operating income?
+Ben Whoever operating income...........and fantastic name btw
thanks
Contribution margin - fixed cost=operating profit
Not Net Income
the sound is not good I am quite disappointed
CovidImages need to be invested more than half19
the sound is not good I am quite disappointed
the sound is not good I am quite disappointed