Basic Excel Business Analytics #07: X-Y Scatter Chart: Fixed Cost Variable Cost Model
excelisfun・11 minutes read
The text discusses creating a dynamic chart in Excel to analyze fixed costs, total costs, revenue, and break-even points, demonstrating the process through a video tutorial. The goal is to use formulas and data tables to generate a visual representation that updates in real-time based on input changes, with a focus on model building for financial analysis.
Insights
- The video tutorial showcases the creation of a dynamic chart in Excel that includes fixed cost, total cost, revenue, and break-even point, with the chart updating in real-time with changes in formula inputs.
- The demonstration emphasizes the manual addition of labels for x and y values in the chart, use of the Select Data option to edit series, and customization of the appearance of the break-even point marker, providing a comprehensive guide for building effective financial models in Excel.
Get key ideas from YouTube videos. It’s free
Recent questions
How can I create a dynamic chart in Excel?
By using formulas to connect data points.
What is the purpose of a data table in Excel?
To calculate multiple results based on changing variables.
How do I plot a break-even point on a chart?
By adding a new series with break-even values.
What type of chart is suitable for connecting data points in Excel?
An x-y scatter chart.
How can I customize the appearance of a chart in Excel?
By adding labels, titles, and marker options.
Related videos
Online Training for Everyone
How To Pass Microsoft Excel Test - Get ready for the Interview
Leila Gharani
Excel Charts & Graphs: Learn the Basics for a Quick Start
ExcelIsFun
Excel & Power BI Data Analysis Complete Class in One Video - 365 MECS 04
EXCEL DOERS
How to automate Accounting Ledger, Trial Balance, Income Statement, Balance Sheet in Excel | English
The Organic Chemistry Tutor
Top 10 Most Important Excel Formulas - Made Easy!
Summary
00:00
Creating Dynamic Charts for Break-Even Analysis
- Workbook available for download: BI348Chapter07Start
- Sixth video in the chapter
- Completed one variable data table with formula input area and model
- Used data table to calculate total revenue, total cost, fixed cost, profit
- Goal is to chart fixed cost, total cost, revenue, and break-even point
- Dynamic chart that updates with formula input changes
- Break-even points and associated legend item displayed
- Data table feature auto-populates array formula
- Creating chart using formulas from scratch for easier labeling
- X-y scatter chart used to connect marks with lines
- Labels added manually for x and y values in chart
- Select Data option used to edit and remove series in chart
- Axis titles added using green plus feature in 2013
- Break-even point plotted as new series on chart
- X and y values calculated for break-even point
- Label created for break-even units
- New series added to chart for break-even point
- Marker options used to customize appearance of break-even point
- Chart updates dynamically with changes in formula inputs
14:01
"Fixed Cost Analysis Model Building in Excel"
- Video demonstrates creating a fixed cost, variable cost chart with an x-y scatter and a break-even point plotted.
- Last video in the fixed-cost analysis series focusing on model building.
- Next two videos will cover useful Excel functions for model building.
