Understanding a business’s basic cost structure is vital for its success. It is why cost behaviours is the first concept taught in management accounting.
The April PQ magazine has feature from top tutor Jo Tuffill explaining all. And, Jo has produced a ‘Back to Basic’ video for us too! Her video runs for just 7 and a half minutes and explains exactly what a cost is, looking at both variable and fixed costs.
Read the feature at:
You can check out her video at: https://vimeo.com/680501310
