ACCA MA Management Accounting
Standard Costing
Standard costing includes setting standard rates to absorb material , labour ,overheads. Setting of standards rates helps in exact valuations , strengthening control over differences […]
MA
MA Management Accounting
PROCESS COSTING – PART 2
PROCESS COSTING – PART 1 Equivalent Units Continuous production with different processes faced a problem, i.e. how to deal with processes which were not […]
MA Management Accounting
PROCESS COSTING – PART 1
In entities mass production involving, it is difficult to calculate on base of individual units, so to make issues simple costs are accounted making processes […]
ACCA MA Management Accounting
CONTRACT COSTING
Contract Costing Easy to understand “ job order costing on larger scale”. For construction of building and other large scale wok which take considerable […]
AA MA Management Accounting
BATCH COSTING – EXPLAINED
BATCH COSTING Batch costing is similar to job order costing ,the only difference is that costing focus moves from job orders to batches. It is […]
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 […]