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BREAK EVEN ANALYSIS
Breakeven is the point at which at profit is “ZERO”. It’s important for entity to know how much revenue to revue it has to […]
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ACCA MA Management Accounting
Marginal and Absorption Costing Methods
Marginal and Absorption Costing Methods The main difference between marginal costing and absorption costing is that Under Marginal costing all the fixed cost is treated […]
MA Management Accounting
Allocation and Apportionment of Overheads
Allocation of overheads (OH) Apportionment of overheads (OH) Charging to overhead to specific department […]
ACCA MA Management Accounting
ABSORPTION COSTING – Explained
ABSORPTION COSTING Method of costing in which overheads are absorbed in relevant cost centers on appropriate rates known as overhead absorption rate (OAR). This rate […]
ACCA MA Management Accounting
Labor Incentive Plans
TIME WORK SYSTEM In this system labor is paid on base of time worked. Total labour remuneration is sum of basic pay and overtime […]
ACCA MA Management Accounting
ACTIVITY BASED COSTING (ABC)
ABC Plan ABC Plan is used to control the inventory by applying security measures or controls on each category. Through this technique management is able […]
ACCA MA Management Accounting
Inventory Control Models
Entity needs to maintain inventory at appropriate level keeping balance in contrasting factors inventory levels e.g if large amount of inventory is ordered ordering cost […]
ACCA MA Management Accounting
Job Order Costing
Small businesses maintain accounts for individual job orders .Due to lack of huge manufacturing orders they find ease to maintain for cost accounts on basis […]
ACCA MA Management Accounting
Inventory Valuation Methods
According to IAS2 inventory should be measured at lower of COST and NET PRESENT VALUE Net realizable value(NPV) is the estimated selling price(SP) in the […]
ACCA MA Management Accounting
Materials Purchase Cycle – EXPLAINED
Materials Purchase Cycle When a department stock level drops down , the particular department issues purchase request to purchase department in purchase requisition form […]