cost 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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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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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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