For Wizard Kim

Unit 2 Acct614 DB Assignment Due Tuesday 11.27.18:

Primary Discussion Response is due by Friday (11:59:59pm Central), Peer Responses are due by Tuesday (11:59:59pm Central).

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.