In this unit we discuss the various budgets that are prepared by a company or organization. The process of budgeting is actually similar to how we budget in our own individual, personal lives. In this discussion post, I would like you to discuss your own budgeting process (please address each of the bullets below):

1. How do you budget your own finances? You don't have to give exact amounts and details, just an overview of your process and various groups of expenses that you have to consider.
2. Which of your expenses are fixed? Which are variable? Do you have any mixed expenses?
3. Can you utilize any of the methods or considerations found within this unit, in your own personal budget process? If so, how would you utilize them?

Unit 2 (Chapters 17-19) Unit 2: Cost Analysis and Financial Planning This unit will take the various costs we have learned about in Unit 1, and begin to analyze them for financial planning purposes. To complete our costing journey, we will finally examine activity-based costing (ABC) which can bring a costing to life. The we begin to look at analysis of this financial data, looking at the Cost-Volume-Profit (CVP) Analysis method, as well as determine which overhead costs to include in our analysis (depending upon how these overhe or absorption costing methods). TO-DO LIST FOR UNIT 2 The recommended sequence for this unit is as follows: 1. Chapter 17 learning materials, practice problems, and Connect assignments 2. Chapter 18 learning materials, practice problems, and Connect assignments 3. Chapter 19 learning materials, practice problems, and Connect assignments 4. Unit 2 Discussion Board Post 5. Unit 2 Exam To begin the work within Unit 2, please visit the Chapter 17 content folder. Chapter 17 - Activity-Based Costing This chapter looks at an activity-based costing system, which allocates overhead costs based on various activities instead of a single company or departmental overhead rate. Chapter 18: Cost Behavior and Cost-Volume-Profit Analysis This chapter will look at various costs and their behaviors, in order to analyze them for financial planning purposes. This chapter is one of the most important in the entire course and potentially in your business career. Chapter 19: Variable Costing and Analysis This chapter will look at the two different methods of accounting for overhead - variable and absorption costing, and how the choice of method impacts pricing and profitability Unit 2 (Chapters 17-19) Unit 2: Cost Analysis and Financial Planning This unit will take the various costs we have learned about in Unit 1, and begin to analyze them for financial planning purposes. To complete our costing journey, we will finally examine activity-based costing (ABC) which can bring a costing to life. The we begin to look at analysis of this financial data, looking at the Cost-Volume-Profit (CVP) Analysis method, as well as determine which overhead costs to include in our analysis (depending upon how these overhe or absorption costing methods). TO-DO LIST FOR UNIT 2 The recommended sequence for this unit is as follows: 1. Chapter 17 learning materials, practice problems, and Connect assignments 2. Chapter 18 learning materials, practice problems, and Connect assignments 3. Chapter 19 learning materials, practice problems, and Connect assignments 4. Unit 2 Discussion Board Post 5. Unit 2 Exam To begin the work within Unit 2, please visit the Chapter 17 content folder. Chapter 17 - Activity-Based Costing This chapter looks at an activity-based costing system, which allocates overhead costs based on various activities instead of a single company or departmental overhead rate. Chapter 18: Cost Behavior and Cost-Volume-Profit Analysis This chapter will look at various costs and their behaviors, in order to analyze them for financial planning purposes. This chapter is one of the most important in the entire course and potentially in your business career. Chapter 19: Variable Costing and Analysis This chapter will look at the two different methods of accounting for overhead - variable and absorption costing, and how the choice of method impacts pricing and profitability