January 2023

Introduction to costing terms

By |2022-09-15T12:32:29+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Costing Terms

  • Before we get started with the actual costing process you need to get acquainted with various cost accounting terms and costing
  • It is important to note that this is not meant to be a glossary of all the terms in cost accounting
  • This is […]
Read More
Comments Off on Introduction to costing terms

Inventory valuation methods: AVCO: Solution to Example Question

By |2022-09-15T12:32:21+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Weighted Average Cost(AVCO): Example Question

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Read More
Comments Off on Inventory valuation methods: AVCO: Solution to Example Question

Absorption costing:Statement of Profit or Loss

By |2022-09-15T12:30:38+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Absorption costing:Statement of Profit or Loss

  • Profit is the overriding aim of most businesses and for this reason management accountants do also prepare income statements (also known as statement of profit or loss)
  • Although similar in spirit to the Income Statement prepared by Financial Accountants it […]
Read More
Comments Off on Absorption costing:Statement of Profit or Loss

Cost Behaviour: Fixed, Variable and Semi-variable costs

By |2022-09-15T12:32:28+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Cost Behaviour: Fixed Costs, Variable Costs and Semi-Variable Costs

  • Costs can be classified in a number of ways
  • One way to classify costs is by behaviour
  • This involves determining how certain costs will vary according to the organisation’s level of activity
  • For example how rentals change […]
Read More
Comments Off on Cost Behaviour: Fixed, Variable and Semi-variable costs

Inventory valuation methods: Effects of different methods on profit

By |2022-09-15T12:32:19+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Effects of different valuation methods on profit

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Read More
Comments Off on Inventory valuation methods: Effects of different methods on profit

Absorption Costing: Statement of Profit or Loss Example

By |2022-09-15T12:30:37+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Absorption Costing: Statement of Profit or Loss Example

  • We have already looked at the format of a Statement of Profit or Loss under Absorption Costing here
  • It is now time to look at an example

Example Question

Oakwood Manufacturing Ltd started in business on 1 January 20×8 […]

Read More
Comments Off on Absorption Costing: Statement of Profit or Loss Example
Toggle Sliding Bar Area
Go to Top