'Variable costing' presentation slideshows

Absorption Vs Marginal

Absorption Vs Marginal. Dr. Clive Vlieland-Boddy. The Two Main Methods. Absorption costing Marginal costing. Introduction. Before we allocate all manufacturing costs to products regardless of whether they are fixed or variable. This approach is known as absorption costing/full costing

1k views • 66 slides

Chapter 09

Lecture 22. Chapter 09. Inventory Costing and Capacity Analysis. Readings Chapter 09,Cost Accounting, Managerial Emphasis, 14 th edition by Horengren Chapter 07, Managerial Accounting 12 th edition by Garrison, Noreen, Brewer. Learning Objectives.

906 views • 57 slides

Variable Costing: A Tool for Management

Variable Costing: A Tool for Management. Beware of the Average Costs. Is the average cost a variable or fixed cost? Recall that total costs include fixed costs that do not change with volume variable costs that do change with volume AC = TC / q = (VC + FC) / q = v + FC / q

609 views • 42 slides

Learning Objectives

533 views • 42 slides

Absorption, Variable, and Throughput Costing

17. Chapter Seventeen. Absorption, Variable, and Throughput Costing . Product. Absorption Costing. A system of accounting for costs in which both fixed and variable production costs are considered product costs. Fixed Costs. Variable Costs. Variable Costing.

2.11k views • 41 slides

Cost Management ACCOUNTING AND CONTROL

Cost Management ACCOUNTING AND CONTROL. HANSEN & MOWEN. 19. CHAPTER. Pricing and Profitability Analysis. 1. Basic Pricing Concepts. OBJECTIVE. Economic Pricing Concepts. Price. Supply. P*. Demand. Q*. Quantity.

501 views • 37 slides

Variable Costing: A Tool for Management

Variable Costing: A Tool for Management. Chapter 7. Learning Objective 1. Explain how variable costing differs from absorption costing and compute unit product costs under each method. Product Costs. Direct Materials. Product Costs. Direct Labor. Variable Manufacturing Overhead.

1.41k views • 35 slides

Cost Management ACCOUNTING AND CONTROL Pricing and Profitability Analysis

Cost Management ACCOUNTING AND CONTROL Pricing and Profitability Analysis. HANSEN & MOWEN. 1. Basic Pricing Concepts. OBJECTIVE. Economic Pricing Concepts. Price. Supply. P*. Demand. Q*. Quantity.

925 views • 35 slides

Accounting for Overhead Costs

Introduction to Management Accounting. Chapter 13. Accounting for Overhead Costs. Learning Objective 1. Accounting for Factory Overhead. Methods for assigning overhead costs to the products is an important part of accurately measuring product costs.

1.25k views • 33 slides

Describe and illustrate income reporting under variable costing and absorption costing.

Chapter 19 - Objectives. Describe and illustrate income reporting under variable costing and absorption costing. Describe and illustrate income analysis under variable costing and absorption costing. Two Costing Methods. Absorption Costing. Used for external financial reporting

634 views • 30 slides

Chapter 11

745 views • 29 slides

Chapter 19

Chapter 19. Variable Costing and Performance Reporting. Variable Costing versus Absorption Costing. Up until now, we have included DM, DL and OH in product costs. This is referred to as full ______________ .

429 views • 26 slides

Profit Reporting for Management Analysis

Profit Reporting for Management Analysis. Chapter M 4. Determination of Net Income. Absorption costing All manufacturing costs included in finished goods and remain an asset until the good is sold Used in financial reporting Sales minus cost of goods sold = Gross profit.

455 views • 24 slides

Variable Costing ?????

CHAPTER 3. Variable Costing ?????. Objectives. 1. Discuss the differences between variable and absorption costing. 2. Explain how variable costing is useful in evaluating the performance of a manager.

644 views • 23 slides

Segment Reporting and Performance Evaluation

CHAPTER. Segment Reporting and Performance Evaluation. Objectives. 1. Discuss the differences between variable and absorption costing. 2. Explain how variable costing is useful in evaluating the performance of a manager.

600 views • 22 slides

Chapter 10

Chapter 10. Cost Analysis for Management Decision Making. Learning Objectives. LO1 Compute net income under the variable costing and absorption costing methods. LO2 Discuss the merits and limitations of variable costing.

345 views • 21 slides

Variable Costing: A Tool for Management

Variable Costing: A Tool for Management . Chapter Seven. Product Costs. Direct Materials. Product Costs. Direct Labor. Variable Manufacturing Overhead. Fixed Manufacturing Overhead. Period Costs. Period Costs. Variable Selling and Administrative Expenses.

291 views • 17 slides

MARGINAL & ABSORPTION COSTING

MARGINAL & ABSORPTION COSTING. Learning Objectives : 1.Understand the marginal costing and absorption costing 2. Illustrate Income Statement using marginal and absorption costing. What is Marginal Costing ?. One of the accounting system used to determine the product cost

676 views • 16 slides

Absorption Costing (AC) & Variable Costing (VC)

Absorption Costing (AC) & Variable Costing (VC). Differences between AC and VC Calculation of Product Cost under AC and VC VC and AC : A comparison of their impact on profit Arguments in support of VC Arguments in support of AC. Differences between AC and VC. Absorption Costing

502 views • 16 slides

Bohemia Industries

Bohemia Industries. Discussion. Impact of alternate costing methods on profit measurement. Production =Sales Production < Sales Production >Sales. Difference in profit.

257 views • 11 slides