Marginal costing Study guides, Revision notes & Summaries
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ACCA - F5 EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 34 pages • 2023
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What are the 3+1 stages of absorption costing? - Answer- 1. Allocation 
2. Apportionment 
3. Absorption = Production Cost 
4. Under/over = Non prod OH 
 
Why would you use Absorption Costing? - Answer- Valuing Inventory 
Pricing Decisions 
Establishing profitability 
 
What are pros and cons of absorption and marginal costing? - Answer- *Absorption* 
-Avoids varying profits if sales are seasonal 
-Consistent with accounting standards 
-Recognises Long Run variable costs 
 
-Implies OH related to...
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H F M A Exam Questions With Complete Solutions
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Why is cost accounting so important in health care? correct answer: Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different purposes. Thefore it is im...
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Lecture Notes Flashcards - Introduction to Management Accounting (AF1201 / FR2213)
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City University - Economics with Accounting - Year 1 - AF1101 / FR2213 Introductory Financial Accounting - Notes and Flashacards from lectures (Topic 1 - Topic 8) including:

Introduction to Management Accounting, Relevant Costing, Cost-Volume-Profit Analysis, Marginal Analysis, Full Costing
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ACCA - F5 Study Questions With Complete Solutions
- Exam (elaborations) • 55 pages • 2023
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What are the 3+1 stages of absorption costing? correct answer: 1. Allocation 
2. Apportionment 
3. Absorption = Production Cost 
4. Under/over = Non prod OH 
 
Why would you use Absorption Costing? correct answer: Valuing Inventory 
Pricing Decisions 
Establishing profitability 
 
What are pros and cons of absorption and marginal costing? correct answer: *Absorption* 
-Avoids varying profits if sales are seasonal 
-Consistent with accounting standards 
-Recognises Long Run variable costs 
 
-...
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MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 (715655) - DUE 19 September 2023.
- Exam (elaborations) • 14 pages • 2023
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MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 () - DUE 19 September 2023.Detailed working, solutions, memo, notes & explanations.................. QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for ...
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ACCA - F5 Study Questions With Complete Solutions SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+
- Exam (elaborations) • 36 pages • 2023
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What are the 3+1 stages of absorption costing? 
1. Allocation 
2. Apportionment 
3. Absorption = Production Cost 
4. Under/over = Non prod OH 
Why would you use Absorption Costing? 
Valuing Inventory 
Pricing Decisions 
Establishing profitability 
What are pros and cons of absorption and marginal costing? 
Absorption 
-Avoids varying profits if sales are seasonal 
-Consistent with accounting standards 
-Recognises Long Run variable costs 
 
-Implies OH related to production 
= Manipulate profit ...
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H F M A EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 45 pages • 2023
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- £12.59
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Why is cost accounting so important in health care? - Answer- Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different purposes. Thefore it is imporant ...
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Summary and Lectures Accounting (BUas) - Year 3
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Concrete summary and important notes of all lectures on Accounting in year 3. Tip: this document also includes possible exam questions. Good luck! In addition, you would make me very happy by leaving a review after buying one of my documents :)
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CIPS L4M2 questions with correct answers graded 2024
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CIPS L4M2 questions with correct answers graded 2024Re-buy - correct answer It is not necessary to specify a new specification or to source the market. Call-off or framework agreement. A preferred supplier is in place 
 
Modified Buy - correct answer Review of existing contract requirements and making any necessary amendments such as to build additional benefits, streamline the business or to establish new KPIs/SLAs. Where some of the specification or requirements have changed. 
 
New Buy - c...
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ACCA F5 - Performance Management
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What is cost accounting? - Answer- analyses past, present and future data for the management accountant to use 
 
What is costing? - Answer- the process of determining the costs of products, services or activities. 
Methods include absorption costing and process costing. 
 
What is absorption costing and what are the steps? - Answer- method of sharing out overheads incurred amongst units produced. 
1. Allocation 
2. Apportionment 
3. Absorption 
 
Reasons to use absorption costing? - Answer- 1....
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