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.
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