Consult for Myaccountinglab answers

Myaccountinglab program also integrates cost accounting concepts for students to find the answers to their future organizational operations. This accounting branch is well known for helping internal management make informed decisions by evaluating all input (fixed and variable) costs of production. Computations in myaccountinglab cost accounting include standard costing, lean accounting, activity-based costing, and marginal costing.

• Standard costing: This is the cost of goods sold and the inventory. Standard costing is based on the effective use of both labor and material to produce goods and services in a budgeted total amount. Variance analysis is the difference between the actual and standard costs incurred in operation conditions.
• Marginal costing: Also known as cost-volume-profit analysis. This is the effect of the production cost felt when the management decides to add one more unit into production. This cost accounting concept is essential for short-term decisions. It helps the management weigh down the profits of new sales prices, products, and marketing campaigns. It also brings about a break-even point. Break-even-point is the production level where total revenue (T.R.)=Total expenses (T.E.).
• Contribution margin is the amount received by subtracting the variable cost of a unit from the sales revenue.

Solving these myaccountinglab answers on break-even-point and contribution margin can be challenging; hence the importance of having guidance is evident.