2. Calculate fixed and variable costs, contribution margin, contribution margin ratio,
break-even point in sales dollars and units, and target sales volume in dollars and units
3. Appraise how pricing decisions are made.
4. Calculate both return on investment and residual income and explain how each
method is used
6. Apply the concept of costs to various costing systems including justification of cost
and system choices
7. Implement systems to plan and control business operations