Marginal vs Absorption Costing | Cost per unit | Profit / Loss | CMA | ACCA | Commerce Specialist |
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- Опубликовано: 21 июл 2024
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This video from Commerce Specialist explains What Is Marginal Costing, What is Absorption Costing, Difference between Marginal & Absorption Costing, Marginal v/s Absorption Costing, Cost per unit, Statement of Profit/Loss under Marginal Costing and Absorption Costing. Reconciliation of Profit/Loss. When Marginal Costing is used, When Absorption Costing is used etc.,
This tutorial/lecture video is very relevant and useful for students of, A Levels, BBA, MBA, CA, ACCA, ACCA F2, ACCA F5, CMA & CIMA.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, is a Fellow of member of HEA UK, holds Certification in International Auditing from ACCA-UK, member of IFA UK and IPA Australia, also holds a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Viewers and students can contact me on info@comparativeedge.com or email me at studyonline8888@gmail.com or whatsapp me on +923219213800.
#marginalvsabsorptioncosting #costing #absorptionvsmarginalcosting
I don't know why you make it look soooooo easy, its either you are gifted or highly gifted, maybe both of them☺. You are a life saver and God bless you.
❤
I am trying to understand this topic from 3 hour but i couldn't but after seeing your video i become able to solve all problems related to this topic. Thanks sir . Please make more videos related to ACCA.
First explanation I've understood in 3 months of lessons 😅❤. Thank you sir
🙏😊👍
Truly, your explanation is attached to the real world situation by converting theory to practicality...GOD BLESS U.
You are welcome dear.
Very well explained am doing ACCA and this topic is difficult for me to understand but you're explanation is clear please send more details on this topic
Sure
@@CommerceSpecialistSir, please share cost control lesson
I love the way you make your teaching seamless, understandable and well presented.May the almighty God grant you good health to continue to serve us
Thanks a lot dear, sure.😊🙏👍
Finally got it . Your explanation was very clear.
Best explanation of AC & MC in least time. I could surely say this is the best video of the topic on youtube. Even my paid coaching teachers aren't able to explain in this seamless & easy manner.
Thanks my dear😊🙏👍
Sir, you made my day with this fabulous session, intrestingly may you are only who have covered this topic
Where have you been whole my life? I have understood this lecture very well thank you very much. Oh plus you've gained a new subscriber ❤
Thanls dear Jay
I owe you a BIG thanks ..I totally understand this AC MC thanks to you! 🙏🏻
Adding the comment ... I keep your video 'handy' during my exam prep! And it getting easier each time I watched your video! :)
Well explained Sir. Really helpful
Sir your explanation is truly good I already join cma classes, but I have to see your lects
Thank you for the lecture. You made the topic interesting and easy to understand.
You are welcome. Thx
Very informative video clearly explained 👏
Your explantion made a huge diffrence in my performamce....thank you so much
Ur welcome dear👍🙏
Well explained am taking CPA
Excellent explanation sir
I can't believe how well he explained each and every single step. I saw alot of lectures on this topic on RUclips but this video lecture can't be compared woth other i would rate it 11 out of 10 . ❤
Thanks a lot my dear😊🙏👍
You explained it so well💜thank you sir❤
Thank you so much,Well explained
Well explained sir 💐
GREAT ! You saved my live ! thanks
Ur welcome dear🙏👍
You made it so easy I had marginal profit in my ma2 exam I didn't know how to solve it after so many practice it was because my concepts were not clear. I passed the exam anyways but want to improve my mistakes and You've helped me alot Thank you sir
Love and support from pakistan 🇵🇰
Thanks a lot dear🙏👍
Anytime I come to RUclips to watch videos on financial reporting or cost and management, it's always the commerce specialist because he is good and can explain things to my satisfaction. His teachings have helped me a lot ❤. God bless u
Thanks a lot my dear😊🙏👍
Great job 👍
Thank you teacher what a best explain to make
THIS IS GREAT🙏🙏
Just wow thank you so much for breaking down this topic
🙏👍
I love you all the way from South Africa
Thankyou very much (easy explanation, easy understanding) GOD BLESS
🙏👍
I pray for your health and good life , you solved all my query regarding this topic.
Thank you for your lecture.
Thanks a lot dear
I can't believe it so so easy thank you very much sir for the teaching may God continue to bless you and give you more strength for your grate job ❤❤❤❤
You are welcome dear, thanks a lot🙏😊👍
Well explained....
Well explained, thank you sir
Ur welcome rahema😊👍
Thank you soo much sir. Your explanation is truly genuine, OMG god bless you ya ♥🎇💎
Thanks a lot my dear😊🙏👍
Very brilliantly explained Sir love from Pakistan
Thx a lot dear👍🙏
Thank you so much 🙏
Thank you sir you have really helped me but i have a question what do you do if you have two fixed production overheads in the question.
you are my best online lecturer so far and GOD be with you the only problem i have is process account, i would love to watch your lecture under process account
There are two videos on process account already on my channel dear
What a great video 🫡🫡
very well explained sir, I am a BPP student but the way you explained this they could not. Thanks
Thx dear
Thanks sir.
I am not an accounting person but currently studying Management accounting and what you shared here shed some light.
❤
Thx a lot dear🙏👍
Thank you sir for gave clear knowledge about marginal and absorption cost. Thank you very much😌
You are welcome dear🙏👍
Thank you so much Sir! You've explained it so well 😍
Ur welcome Maryam👍🙏
woow, clearly explained. thank you
You are welcome dear
You gained a new subscriber ,very amazing teaching.💐
🙏👍
I'm from ca sri lanka sir..it was really helpful for my costing part..I have learnt many subtleties from this lesson..pls upload continuoesly regarding costing topics sir..❤Thank you so so much ..
Ur welcome dear, good luck in your studies.
How are you sir, your teaching style is very impressive. I remembered you teached me in MBA program at PIMSAT in year 2009......
Thats good memory dear👍
wow! the best explanation ever 🙏
Thanks Sheema, u made my day👍🙏
Very simple way to teaching..
Thx dear
Great lecture, lots of thanks!
Thx dear
Sir your explanations are perfect.
Thanks Smith
Always fulfilling
Thank you very much sir.
Please
Can you help make or post lectures on throughput accounting if it's available already
Please
Thank you sir.
Really. Very helpful. Thanks a lot.
Thanks Ahmed
Sir agar hamare pass opening stock mai kuch balance hai mean 1000 is opn /stk so usko total per unit se multiply karengay start mai
Marginal & absorption costing mai both ... Plssss
sir we always add under absorbed overheads, but u subtracting them?
You are the best
Thx dear
Good explanation sir ❤
One question please
If the production units are given for only one month or 1 quarter ,how is the over /under absorption calculated, when the activity units is on annual basis
Also if an opening balance is given,does that mean we add the amount to the production cost before calculating the closing stock?
Will be happy for a reply sir
thank u sir.
It's a great resource for ACCA F5 students and your explanations with examples are quite easy to understand. Sir can you create a playlist for F5. Thank you sir for such amazing explanations.
Sure
Best lecturer ever
Thx dear Derick
Sir if opening stock is there we should add write but u are less
Perfect!!!
WHAT WILL BE THE OPENING STOCK AND CLOSING STOCK FOR THE QUESTION BELOW? PLEASE HELP
Lubasi Ltd makes and sells product A. Below is the cost card for each unit of product A.
K
Direct materials
24.00
Direct labour
15.00
Variable production overhead
6.00
Fixed production overhead
15.00
Total cost
60.00
Profit
45.00
Selling price
105.00
The fixed production overhead figure has been calculated on the basis of a budgeted normal output of 24,000 units per annum. Fixed sales and administration costs are estimated at K72,000 per annum. You may assume that all budgeted fixed expenses are incurred evenly over the year.
The sales price is K105.00 and the actual number of units produced and sold was as follows:
January
February March
Production units
2,000
2,500. 2,200
Sales units
2,500
2,500. 2,000
Required:
(a) Prepare a profit statement for each of the months
January, February and March using absorption costing.
Very well explained
Thanks a lot Rahul
Thank You Sir ❤
Ur welcome👍
Good explanation..
Thx dear
You truly brilliant sir❤❤
Thanks a lot dear🙏👍
Love this explanation, it’s gonna help me so much. Can I have some help with step down apportionment and reciprocal apportionment?
Thanks dear, there is a video on all three methods of apportionment, pls check video on overheads👍
very well explained ❤
Thanks Uzair
Good explanation sir
Thx
You're awesome
Thx dear
Great explanation... Thanks u very much..
Ur welcome
@@CommerceSpecialist do u have guideline on labour cost & how to calculate incentive bonus. Thanks
Yes
Thanks sir
Sir, how to calculate Sales in my situation , Because we sell windows For Example Sales person 1 - Selling 1 window in 300 riyal and Sales person 2 selling in 380 riyal it depends up the closing the deals with client how to determine this, we are selling in “n” value please help me sir.
amazingggggg 👏🏻👏🏻👏🏻👏🏻👏🏻
Thanks dear😊🙏
Hello sir in situations we're opening stock is given in units what do you do about it so you multiply it with the selling price or something else?
Multiply by cost per unit
god bless you
Thanks a lot🙏👍
Wow 😱
So simplified. Thanks for the lecture
How can I get the lecture with Multiple Limiting factors?
Dear that is covered in Linear Programming
Superb
Thx dear
Hi! I don't have in my exercise capacity production, i have only production which is 45,000. how can i calculate if is under or over absorbed? Thanks.
Take production as capacity
Sir if there are any variable selling n distribution cost and Administration cost how can we calculate them? Before contribution or after?
Selling and administration cost has nothing to do with marginal or absorption cost. These both method only differentiate in Production Over head cost (Fixed Production Over head cost and Variable Production Over head cost)
Sir can you please make video on total quality management and throughput costing concept
Sure
Good day Sir, should I have a veriable selling and administration cost do I add the units of veriable selling and administration to calcute for production cost?
&
Should I have fixed selling and administration do I also add it in the income statement under less fixed cost?
Variable selling n admin costs are not part of cost per unit.
All fixed costs are subtracted after Contribution Margin
@@CommerceSpecialist Thank you Sir, though the practical paper is still difficult for me to comprehend and soon I am writing is there no way I can contact you whether through email or phone so you can assist me please? I've been stuck on this. I will send you an attachment.
Sir i have a question. If there any under absorbtion should we adding to the gross profit. Over absorbtion should less from the profit i think. Can you explain it?
Over absorption is added to profit n underabsorption is subtracted
Sir if there is opening stock how it will be claculated
Give opposite treatment as compared to closing stock
I love you
Sir if there is no capacity how we can fint fixed production overhead per unit
Ues production as capacity
We don't have to deduct income tax expenses to arrive at Net profit?
Yes if given in question
I need the full resource materials if possible...how do I access them...thank you
Which materials dear
@@CommerceSpecialist .a soft copy of what you are using particularly questions and answers
Sir please make more Videos on ACCA F2 PAPER
There are many dear, just write the name of topic with Commerce Specialist
👍👍👍
If you are given only variable cost but you are not given variable cost per unit. How to determine it
Divide by production in units
My question is how the over and under absorption is calculated
Under absorbed = (capacity of production - units produced) × Fixed production overhead cost
Over absorbed = (units produced - capacity of production) × Fixed production overhead cost
Watch my video on the same topic pls
If you have two months:
Jan. Feb.
Production. 6000. 5000
Sales. 4000. 6000.
How to calculate the closing inventory in both
(6000 - 4000) 2000 units will become opening inventory for February
Why are you considering fixed cost on marginal cost?
Thats deducted to calculate profit, but fixed cost is not included to calculate cost per unit
What causes marginal profit high as compare to absorption profit
Fixed overheads over absorbed ( true or false)
Sir kia yeh true hogi?
If selling price is high and vc is less, then marginal costing will gv high profit since fixed cost remains constant
so smart but poor handwriting please keep it up but improve your handwriting.
Thanks😂👍
can i get your number?
At the end of my video
@@CommerceSpecialist reply nahi krta koi naaa he call receive krta h koi
My dear, sometimes im in class, thats why, 🙏