Applied Managerial Accounting 750 – 1,000 words (not including title page and references)

Part 1
As EEC’s corporate business financial analyst, you will need to have a clear understanding of the different types of costs (variable, fixed, and mixed) that the company carries. Complete the following for this assignment:

Review EEC’s journal activity.
Define and identify its variable, fixed, and mixed costs.
Determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.

Click here to view EEC’s journal activity.
Part 2
As an EEC corporate business financial analyst, you must have an expert understanding of the various costing methods. Select 1 of the following costing concepts:

Full costing or absorption costing
Variable costing
Target costing
Life cycle costing
Activity-based costing

Respond to the following questions on the costing concept that you selected:

Provide the definition of the concept.
Discuss how and when the concept could be used by EEC.
Discuss the advantages and disadvantages of the concept as it relates to EEC.