Simulation

The objective of the LEXXXXA simulation is for players to purchase, manufacture and sell products.

The simulation provides players with a variety of Accounting information to assist in the decision-making required to optimise the profitability of the production process.

Gamification is a very powerful way to understand and teach concepts essential in running a business of any kind.

The simulation covers the following topics

• Profit and Loss / Balance Sheet

• Cost Behavior - Fixed and Variable Costs

• Cost Estimation - Visual Fit, High-Low Method & Regression Method

• Product Costs - Product/Period, Direct/Indirect, Absorption Costiong

• Overhead Costing

• Capital Budgeting

• Activity Based Costing (ABC)

• Cost of Quality (COQ)

• Incentives - Fixed/Piece Rate

• Standard Product Cost

• Budgeting