Absorption costing as an alternative to marginal costing

jamescambell3
Mind Map by jamescambell3, updated more than 1 year ago
jamescambell3
Created by jamescambell3 over 6 years ago
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Mind Map on Absorption costing as an alternative to marginal costing, created by jamescambell3 on 10/31/2013.

Resource summary

Absorption costing as an alternative to marginal costing
1 Absorption costing
1.1 Allocation and apportionment
1.2 absorbing indirect costs into product
1.2.1 direct labour hours
1.2.2 direct production hours/machine hours
1.2.3 units produced
1.2.4 percentage of sales value
1.2.5 Percentage of direct cost
1.2.6 activity consumption
1.3 over- and under-absorption of overheads
2 Marginal costing
3 Why two contrasting approaches to costing?
3.1 Absorption and marginal costing
4 Under-/over-absorption of indirect costs
5 Allocation of indirect costs to production and service departments
6 Reciprocal allocation of indirect costs: service departments
7 Advantages and disadvantages of different costing approaches
8 Pricing decisions using absorption and marginal costing approaches
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