Differences between full and contribution costing

Uses and limitations of full costing

Nature of contribution costing technique

Difference between contribution and profit

Limitations of contribution costing

Situations where contribution costing is appropriate or not

Breakeven Analysis

Meaning and importance of breakeven analysis

Calculation and interpretation of breakeven output, contribution, margin of safety, and profit level (numeric and graphic)

Uses and limitations of breakeven analysis

Budgets The Meaning and Purpose of Budgets

Measurement of performance