Basic Excel Business Analytics #07: X-Y Scatter Chart: Fixed Cost Variable Cost Model

excelisfun2 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.

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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

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.
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