MA5 - Schedule of Cost of Goods Manufactured - Explained

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Module 2 examines cost terminology, the schedule of cost of goods manufactured, the schedule of cost of goods sold and the income statement. Terminology discussed includes: Direct materials, direct labour, manufacturing overhead, selling costs, administrative costs, variable costs, fixed costs, and mixed costs.

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Thanks to all your videos, got a B+ just by watching your vids

[@Tony-Bell]

Well done!

[@SurjitBhangu]

Thanks for the videos man tomorrow i have test in my uni and i m watching this 1 day before the test

[@Cheesecake99YearsAgo]

How was the test ?

[@alivenotliving2963]

literally me rn😭

[@petrillajones3282]

thank you so much for making these videos I'm already remembering all the information that I thought I forgot! I wish I would have thought to come to RUclips for help sooner.

[@lebogangseabi525]

I am here. I will be doing management accounting for the first time.
I am trusting God as I start to prepare to get an idea before I get started.

[@_salem_4488]

Same here

[@Lana-or5dz]

I love all your videos but the volume is very low. Is there any way you can adjust the volume?

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mobile devices have this button feature on the side of them. Engineers developed a complex system called keyboard with a main key adjusting the volume up, down, and mute

[@ferenads1824]

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[@ercangezginn]

its 3 am here i am listening cost accounting from jeff bezos. Thanks bud!

[@pubgmobileclashroyale4725]

Haha, i also thought Tony looks like someone which I saw before😁

[@coolyojoe]

Thank you for these videos!

[@emmanuelosakuni8647]

I'm still not clear on DM and DL. In many textbooks, they usually define DM has materials that are directly traceable to a unit of production. "Directly Traceable" is too vague for me. What does it mean?

[@Cheesecake99YearsAgo]

It is opposite of indirect cost which is utility cost(electricity, water, soap, oven depreciation cost)

[@mklolcoru4840]

When it comes to burgers people also get the napkins the straws the rapping in the bag. And other utensils. That's why restaurants make most of money off of drinks. Typically it costs about 10 to 12 hours for a burger fries and a drink....

[@ramibakkar4358]

Is the MOH account a Balance Sheet or an Income Statement account?
Does it have to be Zero at the end of every period (Month, Year)?
When do we perform the allocation to WIP?

[@Tony-Bell]

In my mind it's a balance sheet account and Materials, Labour and MOH all get Applied to inventory. It's a moot point though as it ought to get zeroed out each time financial statements are prepared.

[@user-bw2vv6iz5l]

is this the same as cost concepts

[@aniiraqigawad6693]

contribution format income statement link?

[@puru172]

the goat

[@danromanov9537]

Looks like bobs burgers 🍔 will have to raise his prices

[@Steve90UK]

Accountant & artist 😄

[@sunaytirasoglu5013]

ilk başta 1 dolara hamburger mis gibi dedim