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COST VOLUME PROFIT ANALYSIS (CVP) It is also called Break Even Analysis. In CVP analysis, we consider the effect of change in volume on ... -
ABSORPTION COSTING In Absorption costing, we gather all the direct and indirect costs to get the ‘Full (Production) Cost’ of a product. ...
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CONTROL OF MATERIAL COSTS Both Direct and Indirect Material Cost required to be controlled. For this Purpose, We will consider How many un... -
CLASSIFICATION OF COSTS 1. By Nature 2. By Traceability 3. By Cost Behaviour 4. Production / Non Production (It is ... -
In Labour Costs, two main areas are to be considered. 1. Payment System 2. Direct Labour Costs and Indirect Labour Costs PAYMENT SYSTEMS ...
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MARGINAL COSTING In marginal costing, we take ‘Cost behaviour’ into account. Cost behaviour means fixed and variable behaviour of cost. I...
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ACCA F2 - Management Accounting (MA) What is Management Accounting? Classification of Costs Control of Material Costs Labour Costs Over...
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Why we need MA? What is MA? MA = It is an accounting system that provide information to management for internal use. What Managers do to r...
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BUSINESS MATHEMATICS FORECASTING In forecasting, we try to establish and understand interrelationship between on one piece of information ...
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UK Tax Rates and Allowance 2016-17
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