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318057
Absorption costing as an alternative to marginal costing
Description
Mind Map on Absorption costing as an alternative to marginal costing, created by jamescambell3 on 31/10/2013.
Mind Map by
jamescambell3
, updated more than 1 year ago
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Created by
jamescambell3
over 10 years ago
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Resource summary
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
over- and under-absorption of overheads
Marginal costing
Why two contrasting approaches to 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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