318057
Description
Mind Map by jamescambell3, updated more than 1 year ago
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Created by jamescambell3
about 11 years ago
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Absorption costing
as an alternative to
marginal costing
- Absorption costing
- Allocation and apportionment
- absorbing indirect
costs into product
- direct labour hours
- direct production
hours/machine
hours
- units produced
- percentage of sales value
- Percentage of direct cost
- activity consumption
- direct labour hours
- over- and under-absorption of overheads
- Allocation and apportionment
- Marginal costing
- Why two contrasting
approaches to costing?
- Absorption and
marginal costing
- Absorption and
marginal costing
- Under-/over-absorption
of indirect costs
- Allocation of indirect costs to
production and service departments
- Reciprocal allocation of indirect costs:
service departments
- Advantages and
disadvantages of different
costing approaches
- Pricing decisions using
absorption and marginal
costing approaches
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