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Inventory valuation methods: AVCO
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Inventory valuation methods: AVCO

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Inventory valuation methods: AVCO

By garikaib|2025-02-12T08:56:26+02:00February 12th, 2025|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)

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

As already pointed out in the introduction to inventory valuation methods
There are several valuation […]

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Absorption of Overheads: Solution to Reapportionment of service costs question
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Absorption of Overheads: Solution to Reapportionment of service costs question

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Absorption of Overheads: Solution to Reapportionment of service costs question

By garikaib|2025-02-12T09:40:23+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Reapportionment of service costs where there is interwork

This is a solution to the question found here
First we will use the repeated distribution method to redistribute service costs
Lastly we will use the algebraic method to reapportion costs
We have already looked at why […]

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A Level Accounting: Introduction to costs and management accounting
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A Level Accounting: Introduction to costs and management accounting

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

A Level Accounting: Introduction to costs and management accounting

By garikaib|2025-02-12T09:02:45+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Introduction to Cost and Management Accounting

All Accounting can generally be divided into two branches:
- Financial Accounting
- Cost and Management Accounting

Financial Accounting

involves the recording the financial transactions of an organisation
And summarising them in periodic financial statements for external stakeholders who want to analyse and […]

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Inventory valuation methods: AVCO: Example Question
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Inventory valuation methods: AVCO: Example Question

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Inventory valuation methods: AVCO: Example Question

By garikaib|2025-02-12T09:02:46+02:00February 12th, 2025|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

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We have looked at the AVCO method of valuing inventory here
Now […]

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Absorption Costing: Over and Under-absorption
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Absorption Costing: Over and Under-absorption

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Absorption Costing: Over and Under-absorption

By garikaib|2025-02-12T09:44:41+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Over and Under-absorption

As has been said before overhead absorption rates are calculated in advance
The formula for getting an overhead absorption rate is:
\text{OAR=}\dfrac{\text{Budgeted Production Overhead}}{\text{Budgeted Level of Activity}}
The budgeted level of activity can be units,labour hours, machine hours etc
It is […]

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Differences between Financial Accounting and Cost and Management Accounting
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Differences between Financial Accounting and Cost and Management Accounting

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Differences between Financial Accounting and Cost and Management Accounting

By garikaib|2025-02-12T09:07:58+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Differences between Financial Accounting and Cost and Management Accounting

We have already looked at the basics and definition of both:
Financial Accounting as well as
Cost and Management Accounting in the post here
Here we will looked at a summarised version between the two:

Remember […]

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Inventory valuation methods: AVCO: Solution to Example Question
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Inventory valuation methods: AVCO: Solution to Example Question

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Inventory valuation methods: AVCO: Solution to Example Question

By garikaib|2025-02-12T09:03:26+02:00February 12th, 2025|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.

This is a solution to the question found here
To learn more about […]

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Introduction to costing terms
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Introduction to costing terms

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Introduction to costing terms

By garikaib|2025-02-12T09:09:49+02:00February 12th, 2025|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 […]

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Inventory valuation methods: Effects of different methods on profit
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Inventory valuation methods: Effects of different methods on profit

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Inventory valuation methods: Effects of different methods on profit

By garikaib|2025-02-12T09:08:08+02:00February 12th, 2025|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.

As has already been demonstrated when we looked at an example […]

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Cost Behaviour: Fixed, Variable and Semi-variable costs
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Cost Behaviour: Fixed, Variable and Semi-variable costs

Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting

Cost Behaviour: Fixed, Variable and Semi-variable costs

By garikaib|2025-02-12T09:11:24+02:00February 12th, 2025|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 […]

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February 2025

Financial Accounting