Mac 3701 exam pack 2021 Study guides, Class notes & Summaries

STUDY NOTES STUDY UNIT 1-Advanced Behavioural aspects of Costs In second year cost and management accounting, you studied on the classification of costs and the behaviour of costs. Three nature of costs can be determined in manufacturing, i. e, variable, fixed and semi-variable. This study unit goes further into the determination of the. 1. Behaviour of Variable costs of Inventory using the most widely used inventory control 2. Behaviour of semi-variable costs using the simple correlati...