a2 accounting
Download
Skip this Video
Download Presentation
A2 Accounting

Loading in 2 Seconds...

play fullscreen
1 / 16

A2 Accounting - PowerPoint PPT Presentation


  • 143 Views
  • Uploaded on

A2 Accounting. Unit 7 Lesson 6 Absorption Costing. The greatest unexplored territory in the world is the space between our ears Bill O’Brien. You are what you exercise because your brain runs on oxygen. You are what you think. Y. our attitude. affects your.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'A2 Accounting' - albert


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
a2 accounting
A2 Accounting

Unit 7 Lesson 6 Absorption Costing

The greatest unexplored territory in the world is the space between our ears

Bill O’Brien

slide2

You are

what

you

exercise

because your

brain runs

on oxygen

slide3

You

are

what

you

think

Y

our attitude

affects your

interconnections

700 NEUROTRANSMITTERS

because of 70 neurotransmitters in your brain

by the end of this lesson
By the end of this lesson

Have assessed your homework and

You

will

Have started your next question on Absorption Costing

Have consolidated your learning from the Shine/Whatton/Waller Questions

shine ltd factory
Shine Ltd Factory

Decide the fairest method of apportionment

Apportion total cost to each department

Find the TOTAL overhead cost for each dept

shine ltd factory1
Shine Ltd Factory

Work out the direct labour hour rate for each dept

shine ltd factory2
Shine Ltd Factory

Next, check next slide for Whatton Limited

recap new learning
Recap new learning
  • Answer each of the following Q’s with the help of your partner
  • Pick out 2 learning points from Whatton Limited
  • Whatton Ltd’s mark up was 50%. How do you think this figure would have been determined?
  • What is absorption costing
  • What is meant by allocation and apportionment of overhead costs?
recap
Recap
  • Answer each of the following Q’s with the help of your partner
  • Apportioning overheads to departments is not an exact science. What is the main principle involved?
  • Give 2 other names for absorption costing
  • How would you calculate a labour hour rate for the machining department in Mike Baldwin’s Factory
  • What does machine hour rate mean? And how would you make use of it?
homework
Homework

Please do SmartStuff plc for next lesson

Cut and paste the notes on Marginal Costing in your notebook

Read through the notes, highlighting the main points

ad