Scribd Logo
Upload

Welcome to Scribd!

  • 25 views

    2 Production Costing

    Uploaded by

    ocallagr
    This document discusses different costing methods used in production including absorption costing, marginal costing, direct costs, overhead costs, and reconciliation of profit figures between costing methods. It addresses apportioning costs across cost centers and service centers, factors that can lead to over or under absorption, and differences between absorption and marginal costing approaches.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    2 Production Costing

    Uploaded by

    ocallagr
    25 views1 page
    This document discusses different costing methods used in production including absorption costing, marginal costing, direct costs, overhead costs, and reconciliation of profit figures between costing methods. It addresses apportioning costs across cost centers and service centers, factors that can lead to over or under absorption, and differences between absorption and marginal costing approaches.

    Original Description:

    Original Title

    2 Production Costing

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses different costing methods used in production including absorption costing, marginal costing, direct costs, overhead costs, and reconciliation of profit figures between costing methods. It addresses apportioning costs across cost centers and service centers, factors that can lead to over or under absorption, and differences between absorption and marginal costing approaches.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    25 views1 page

    2 Production Costing

    Uploaded by

    ocallagr
    This document discusses different costing methods used in production including absorption costing, marginal costing, direct costs, overhead costs, and reconciliation of profit figures between costing methods. It addresses apportioning costs across cost centers and service centers, factors that can lead to over or under absorption, and differences between absorption and marginal costing approaches.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    INVENTORY

    DIRECT COSTS
    DIRECT LABOUR

    RENT & RATES


    1.a OVERHEADS
    DEPRECIATION
    INDIRECT
    SUPERVISION & MGT COSTS
    LIGHT & HEAT

    P12 - KEY TERM 2


    P13 KNOWLEDGE BROUGHT FORWARD
    STAGE 1 APPORTION COSTS TO ALL 1. P11 - PICTURE
    COST CENTRES
    STAGE 2 APPORTION SERVICE CENTRES
    TO PRODUCTION CENTRES
    WORK THROUGH Q2 P14 PRODUCTION COSTING
    DEPENDS ON THE PARTICULAR BASIS OF ABSORPTION METHOD 2. ABSORPTION COSTING 28/09/2004 - v3
    CIRCUMSTANCES
    ACTUAL O/H DIFFER FROM BUDGET 4. ABSORPTION VS MARGINAL
    COSTING P26 - 4.1 TO 4.19
    ACTUAL ACTIVITY LEVEL DIFFERS FROM
    BUDGET
    BOTH OF THE ABOVE REASONS UNDER AND OVER ABSORPTION
    LARGE RUNS
    GENERAL FINDING
    SMALL RUNS

    P22 - KNOWLEDGE BROUGHT FORWARD


    P22 - Q8
    3. MARGINAL COSTING
    RECONCILING PROFIT FIGURES FOR
    MARGINAL AND ABSORPTION
    P25 - 3.1

    C:\Documents and Settings\Rich\My Documents\Business\CPA\Professional 1\Strategic Management Accounting\2. PRODUCTION COSTING.mmp - 28/09/2004 - -

    You might also like