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September 2018

Uses and Limitations of Marginal Costing
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Uses and Limitations of Marginal Costing

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

Uses and Limitations of Marginal Costing

By garikaib|2022-09-15T12:30:31+02:00September 18th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Uses and Limitations of Marginal Costing

According to research by CIMA the leading Management Institute
Traditional costing methods such as Absorption costing are still in widely used by manufacturing businesses throughout the world
There is are reasons for this:

Uses/Advantages of Absorption costing

Marginal costing is easy […]
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The differences between marginal and absorption costing
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The differences between marginal and absorption costing

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

The differences between marginal and absorption costing

By garikaib|2022-09-15T12:30:32+02:00September 17th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Marginal Costing vs Absorption Costing

Having introduced you to both absorption costing and marginal costing
It is time to look at some of the differences between the two
In discussing marginal costing we have already pointed out the differences between it and marginal costing

[…]

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Reconciliation of Marginal Costing and Absorption Costing Profits Example
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Reconciliation of Marginal Costing and Absorption Costing Profits Example

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

Reconciliation of Marginal Costing and Absorption Costing Profits Example

By garikaib|2022-09-15T12:30:33+02:00September 4th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Reconciliation of marginal costing and absorption costing profits

As has been said here, due to changes in inventory levels from period to period
The profit figures obtained using absorption costing and marginal costing method might vary
It is now time to look at an example

The […]
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Reconciliation of absorption and marginal profits
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Reconciliation of absorption and marginal profits

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

Reconciliation of absorption and marginal profits

By garikaib|2022-09-15T12:30:33+02:00September 4th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC Advanced Accounting Level Notes: Reconciliation of marginal costing and absorption costing profits

Because absorption costing includes the cost of fixed overheads in:
1. Opening and closing inventory and
2. Cost of sales
There will be inevitable differences in profit figures calculated using the two methods
These differences will arise whenever there […]
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Marginal Costing: Statement of Profit Worked Example
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Marginal Costing: Statement of Profit Worked Example

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

Marginal Costing: Statement of Profit Worked Example

By garikaib|2022-09-15T12:30:34+02:00September 4th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

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

In the introduction to marginal costing we it was pointed out that there is a difference between
Marginal costing and Absorption costing statements of profits
Here we will now examine a worked example to illustrate how a statement […]
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August 2018

Marginal Costing: Statement of Profit or Loss
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Marginal Costing: Statement of Profit or Loss

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

Marginal Costing: Statement of Profit or Loss

By garikaib|2022-09-15T12:30:34+02:00August 23rd, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

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

As has been outlined here there are differences between marginal costing and absorption costing
One such stark difference is in the format of statements of profit
Below is a proforma Statement of Profit using marginal costing

Marginal Costing Statement […]
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Marginal Costing: Introduction
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Marginal Costing: Introduction

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

Marginal Costing: Introduction

By garikaib|2022-09-15T12:30:35+02:00August 23rd, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

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

We have already looked at absorption costing here
Now it is time to examine marginal costing which is an alternative way of looking at things
For while absorption costing treats production overheads as a product cost by assigning a share of these […]
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Uses and Limitations of Absorption Costing
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Uses and Limitations of Absorption Costing

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

Uses and Limitations of Absorption Costing

By garikaib|2022-09-15T12:30:36+02:00August 16th, 2018|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: Uses and Limitations of Absorption Costing

According to research by CIMA the leading Management Institute
Traditional costing methods such as Absorption costing are still in widely used by manufacturing businesses throughout the world
There is are reasons for this

Uses/Advantages of Absorption costing

Often used […]
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Absorption Costing: Statement of Profit Worked Example
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Absorption Costing: Statement of Profit Worked Example

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

Absorption Costing: Statement of Profit Worked Example

By garikaib|2022-09-15T12:30:36+02:00August 16th, 2018|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 Worked Example

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

The Question

Zambe Ltd produces […]

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Absorption Costing: Statement of Profit or Loss Example
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Absorption Costing: Statement of Profit or Loss Example

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

Absorption Costing: Statement of Profit or Loss Example

By garikaib|2022-09-15T12:30:37+02:00August 11th, 2018|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 […]

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September 2018

Uses/Advantages of Absorption costing

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August 2018

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Uses/Advantages of Absorption costing

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The Question

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Example Question

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The […]
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Marginal Costing Statement […]
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