A whole semester struggle cleared in 32 minutes🤯...your videos always blow my mind...and still, I don't expect anything less everytime I come back for more💯👍. Thank you, you've really helped me.
This really helped me understand marginal and absorption costing.... I had a mental block for years until now. Wonderfully explained .... such clarity.
I had a really hard time understanding this concept. I've watched a lot of videos read a lot and still nothing. But earlier today my friend shared this link. I'm so excited I can answer a question blindfolded 😂. Thank you so much for amaizing work sir.
Thank you Counttuts for the explainer videos. You really help us to be more efficient instead of searching all over for such good content. You are making a difference, Appreciated!
You are such a wonderful Teacher/tutor. You are a star. I understand a lot from your video better than reading any book. Excellent. Do you have any other accounting videos? please upload more.
You stated that over absorption of overheads is deducted from the P&L and under absorption is added to the P&L. My understanding is that it should be the other way around. Under absorption of overheads are deducted from the P&L while over absorptions are added thus increasing gross profit.
i was wondering why when there is higher closing stock = profit will be higher when using absorption costing, and your example easily let me understand how it works. Thank you!
Good lecture thank you so much. there is no problem with the way you have treated over/under absorption, my issue is on the part where you said when there is an increase in opening or closing inventory then the creation of overe/under absorption, my thinking is instead of increase in opening and closing let it be the difference between the budgeted production and the actual production.
Dear Friends, I have a question: I want to setup Absorption costing of a product in year 2020. Next, I want to compare actual costing and Absorption costing in this product by month, year. How do I setup?.
Good day can i ask why you not bringing forward the closing. Inventory to the next production of 7000 units meaning the 41000 must be the opening for the production of 7000 units than closing Inventory will be 41000
Your work is better then any youtuber, you are better then my class teacher, keep uploading such topics
Very grateful to know about about this channel
Thank you for the kind comment Yaseen :).
@@Counttuts For over and under absorption, why didn't we consider the variable cost of r 35?
A whole semester struggle cleared in 32 minutes🤯...your videos always blow my mind...and still, I don't expect anything less everytime I come back for more💯👍. Thank you, you've really helped me.
This really helped me understand marginal and absorption costing.... I had a mental block for years until now. Wonderfully explained .... such clarity.
Haven't even watched this but I've already liked cause I know I know it will be fire
This is amazing
I am a tutor and I can say I understand it way better.
Thank you for breaking this in the best possible way.
This is one of the best explanations for costing and has helped me understand absorption and marginal costing so well
very well explained you are doing a better job than my uni lecturers thanks a lot keep up the good work!
You are Simply Amazing, you are literally my Lecturer for Management Accounting hey 🤞🏽❤️❤️.
Please continue doing such amazing work 🙏🏻
I had a really hard time understanding this concept. I've watched a lot of videos read a lot and still nothing. But earlier today my friend shared this link. I'm so excited I can answer a question blindfolded 😂. Thank you so much for amaizing work sir.
Hello Katrina, glad that it helped. Thanks for the kind feedback.
After searching lots of classes Finally I found ur channel for this topic . Amazing explain all the concepts.tq soo much sir ❤️
How did you teach me 2 2hr classes in 32 mins thank you
Thank you so much, you're literally a life saver, having my finals tmrw, this really helped!
Always dislike this topic but u made it simple... great job
u've saved lots of students , thanks a lot
You are welcome. Thank you for the kind feedback.
This was very informative. I enjoyed it and it has helped me tremendously👏🔥. God bless you.
Thank you Counttuts for the explainer videos. You really help us to be more efficient instead of searching all over for such good content. You are making a difference, Appreciated!
Thank you so much!!! I understand this more than I ever did in college
lectures give us hard times of learning , i thank god i found you sir
🎉🎊
I really had a block mind on this but cleared , thank you very much sir keep uploading such topics.
Can't believe how much helpful this video is.
Thank-you so much!
Thank you Sir... I have truly understood this, especially how to treat over/under absorption cost...
Wow... everything makes sense now..Thank you counttut 😁
Thank you sir, crisp and clear. Much better than how my teacher in college is doing.
Thank you for the kind feedback.
Thank you! Your explanation and examples helped me understand, when I was struggling to make it click in my head :D
You are a life saver sir. Please continue doing this.
Best video to watch on absorption and marginal costing!!! Thank you so much @counttuts
Thank you so much sir for teaching me this😭I’m truly grateful and you are a great lecturer!
thank you for taking the time to do this, my understanding is now much clearer :)
Immensely elated! This is incredible! I appreciate. You deserve my utmost attention. Keep it up. More blessings on you, great work, awesome!! Thanks
you definitely got a subscriber by the wat you explained this 💯
if i dont comment i must be selfish. thank you so much for breaking down this topic. God bless you
Thank you :) Blessings
You are such a wonderful Teacher/tutor. You are a star. I understand a lot from your video better than reading any book. Excellent.
Do you have any other accounting videos? please upload more.
Thank you Barbara, you can visit our channel for all accounting videos, and more to come.
I cannot thank you enough for this video!!!
Thank you so much 🤝 Your are a good lecturer
I am looking for more videos for MAC2601 i can't find them 😢
Thank you for this video, made such a big difference
Sir. You are simply the best
Love your teaching (simply simple and clear )
Thank you for explaining this topic thoroughly, you have been very helpful.
Simple, clear and straight to the point! Thank you!
This was more than i was looking for and in a best way possible. Really appreciate the effort SIR. Thanks alot🙏🏻
This is very clear and concise.Thank you so much
Thank you very much. Very informative and helped me prepare for an interview. Keep up the good work!
Thank u for the presentation it really helped me especially absorption costing
This is very well articulated. Keep up the good job.
That was a very good explanation, now i am ready for exams, thank you sir :D
Simple and nice explanation,thanks alot
You stated that over absorption of overheads is deducted from the P&L and under absorption is added to the P&L. My understanding is that it should be the other way around. Under absorption of overheads are deducted from the P&L while over absorptions are added thus increasing gross profit.
That would be incorrect actually. Follow our explanation in the lesson again to understand.
wow 🙌🙌🙌 thank you Mr for you help
now I understand clearly
Thank you soo much, that was worthwhile. Now i am confident that i understand
You are welcome :)
the best ever explanations
This was very helpful. Thanks sir
U explained well brother thank you i wish we would get more examples with opening inventory
Thankyou so much! Well explained
u saved my life thank you
Thanks a lot for explaining in details! ♥
thank you so much! this really helped me
Thanks alot, was much of help.
Thanks highly appreciated explanations on point and format easy for anyone to understand 👍 😀
thanks sir, I think this made up my preparation of an exam I ama bout have! thx again
Top notch explanation.
Woow…….I don’t know how to thank you, I was wondering how am gonna face my exams next week
I enjoyed your teaching
Thanks alot for your service. You've helped me
i was wondering why when there is higher closing stock = profit will be higher when using absorption costing, and your example easily let me understand how it works. Thank you!
Keep up the good work watching from Nigeria. Can we also suggest topics for you to teach?
Best explanatory video 🥂
thank you for the video, its really helpful.
Well explained!!!!
My uni. Must start paying you please 😹❤️
This was really helpful, thank you very much🙏🏾
God bless you,you are a great lecturer!!!!
nice lecture. big ups
thanks a lot ,great explanation!
You are welcome, and thank you Musonda.
Who enjoyed it in 2024😂
Good work 👏 🙌 👍
Thank You, your work is amazing
Thanks sir grt explanation
Thank you. You are welcome.
Under and over absorbed use to confuse me, now im fine thnx
Very informative
this is very helpful
Thanks so much assisted me so much!
Good lecture thank you so much. there is no problem with the way you have treated over/under absorption, my issue is on the part where you said when there is an increase in opening or closing inventory then the creation of overe/under absorption, my thinking is instead of increase in opening and closing let it be the difference between the budgeted production and the actual production.
Thank you. you are amazing
Thx for making the vid 😊
Can these be referred to as income statements as well?
Amazing lecture. cheers.
Dear Friends,
I have a question:
I want to setup Absorption costing of a product in year 2020. Next, I want to compare actual costing and Absorption costing in this product by month, year. How do I setup?.
Thank you❤❤❤❤❤
What if the the fixed prd cost 30000 was not given but you had the FC per unit and the closing stock? How do you find the over/under absorption..
Thank you 😊
Hello, what about if you bought plant and machinery, do you add it on the absorption costing?
Please what will I do if there is a variable selling,distribution and administration costs of about 20% of the sales value
Sir, could I know why the closing inventory in absorption costing, production of 6000&7000units is zero? It shouldn’t have 1000units? Why
It is not zero
Pay attention to the video again
it helps a lot, thanks.
Please sir how do u know when to apply the absorbed overhead formula I'm a bit confused 😔
Thanks ☺️☺️☺️
May you please upload target costing and life cycle costing
Good day can i ask why you not bringing forward the closing. Inventory to the next production of 7000 units meaning the 41000 must be the opening for the production of 7000 units than closing Inventory will be 41000
hey sir, why under/over absorbed overhead only included fixed production cost ,how about the variable production cost
The closing inventory for production of 6000 should it not be the opening inventory for the next production that 7000 units?