Cambridge a level accounting Archives - Page 4 of 4 - Free ZIMSEC & Cambridge Revision Notes

Overhead apportionment, allocation and allotment

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Overhead apportionment, allocation and allotment

As already pointed out here at the first step of absorption costing involves the processes of:
1. Allocation
2. Allotment and
3. Apportionment
In very simple cases where there is only product none of this is necessary as overheads can be easily […]

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods

The figure for inventory is obtained from actual physical stock takes
We have already looked at the exact definition of inventories during the introduction to inventories and when we looked at IAS 2
It has also been pointed out […]

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Absorption Costing: Overhead Absorption Rates (OAR)

As already pointed out elsewhere production overheads are usually calculated at the beginning of the accounting period
This would allow, for example, the business to determine how much cost to assign to a unit before calculating the selling price

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