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ECO 561 Week 3 Team Managing Fixed and Variable Cost (2 PPT) NEW

ECO 561 Week 3 Team Managing Fixed and Variable Cost (2 PPT) NEW
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  • ECO 561 Week 3 Team Managing Fixed and Variable Cost 1.pptx
  • ECO 561 Week 3 Team Managing Fixed and Variable Cost.pptx

ECO 561 Week 3 Team Managing Fixed and Variable Cost (2 PPT) NEW

 

Purpose of Assignment 

In this week, students are learning about managing different types of economic costs. Organizations typically have either high fixed costs or low fixed costs, and it is important to understand how business decisions differ in organizations with high fixed costs from organizations with low fixed costs. 

Assignment Steps 

Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Hoover's Company Profiles by ProQuest located in the University Library 
Choose two publicly-held organizations. One organization must have high fixed costs and low variable costs, and the other organization must have low fixed costs and high variable costs. 

Note: A publicly-held organization is a private-sector firm that is owned by stock holders. Companies with high fixed costs include manufacturing companies, such as automobile manufactures, whereas service companies, such as accounting firms, might have low fixed costs. 

Create and Present to the class a minimum 15 minute 8-slide Microsoft® PowerPoint®presentation, including detailed speaker notes , analyzing the methods of managing cost depending on the cost construction. Research the University Library for recent publications regarding each company and the industry data. The analysis should include the following:

• Analyze your two chosen companies' cost construction. Do the companies have high fixed costs or low fixed costs? Do the companies have high variable costs or low variable costs? What evidence presents itself to support your findings?

• In Excel®, chart the relationship between total cost and the number of units produced (output) for each organization/company. Plot two lines on the graph - one line for each company you analyzed. Copy your graph from Excel® and paste it into your PowerPoint® presentation.

• Analyze currently used methods to minimize costs for the companies and provide recommendations how to improve the process of minimizing costs based on the available information for the industries in which the companies operate. Note: Companies are categorized by the industries they operate in. For example, Wal-Mart is a company operating within the retail trade industry. Hoover's Company Profiles by ProQuest located in the University Library may be helpful. 

Cite a minimum of three peer-reviewed sources. 

Format the assignment consistent with APA guidelines. 

Click the Assignment Files tab to submit your PowerPoint® presentation and your Excel® file. 

Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Students might receive different grades for the team assignment depending on their contributions to the team assignment.

 

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