Let's talk about cost classification
  • Meaning of management accounting - short and clear explanation
  • Manufacturing costs and non-manufacturing costs
  • Product costs and period costs
  • Direct costs and indirect costs
  • Test your knowledge of costs
Now we'll take a close look at the concept of breakeven analysis
  • Fixed costs, variable costs and mixed costs
  • Fixed costs and variable costs - example
  • Breakeven analysis
  • Breakeven analysis - example
  • Test your knowledge of the concept of breakeven analysis
Have you ever heard about methods for inventory valuation
  • First in first out method (FIFO)
  • Weighted Average methods
Are you curious to become familiar with different costing methods?
  • Job order costing - theory and example
  • Process costing
  • Process costing - example
  • Marginal costing
  • Marginal costing - example
  • Absorption costing
  • Absorption costing - example
  • Exercise your knowledge of marginal costing and absorption method
Now we can clarify the process of overhead allocation
  • Predetermined overhead rate
  • Predetermined overhead rate - example
  • Exercise your knowledge of overhead allocation