Fixed and Variable Costs (Cost Accounting Tutorial #3)

📢 Full course at a special price of only $10.00 found here: https://bit.ly/3m74DZ6 ($39 value). f In this tutorial I explain the difference between fixed and variable costs. I go over how they change and whether they change based on cost driver activity. I define and graph out some examples so you can see how costs change in relationship to cost driver activity. ⌚ Timestamps 0:00 - Introduction 0:30 - Two Types of Costs 0:55 - Fixed Costs 1:15 - Fixed Cost Example 2:20 - Cost Driver Activity for a Fixed Cost (Total Costs) 4:10 - Cost Driver Activity for a Fixed Cost (Per Unit) 6:00 - Variable Costs 6:40 - Cost Driver Activity for a Variable Cost (Total Costs) 8:10 - Cost Driver Activity for a Variable Cost (Per Unit) 9:45 - Summary of Variable and Fixed Costs Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-P... Follow us on Twitter:   / notepirate   We appreciate all of the support you have given us. Be a part of the mission to help us reach more students by subscribing, liking and adding the videos to your favorites! * Notepirate is privately owned and exclusive to Notepirate.com.*