Tony, I love you. It would have taken my prof 100 hours to make me understand these concepts and on my own about 1000 hours. You did it in 11 minutes. You are amazing!
Thank you Tony. Because of you I passed my financial accounting exam… Now i‘m going to pass the managerial accounting with you… and last but not least I look forward for some corporate finance videos :)
I found the way my accounting textbook explained this concept to be rather frustrating--none of the illustrations made sense, and it didn't directly define what process and job order costing meant. This video clarified everything and made it far easier to understand. Thank you!
Tony, Teaching is an art, and you are Artist. Huge respect for your artistic way of teaching. I am currently pursuing CMA and your videos are so helpful for me. Thanks Kind rewards Waseem
Tony did you do a job costing on this RUclips channel? How many cost allocation pools did you have? I guess food for working would be an indirect cost. Some of your indirect costs would be electricity, camera, computer, or headphones. Obvy you did do some calculations before makeing the channel, and it must be paying off well played, great videos as well, really enjoy your accounting enthusiasm. Cheers
Haha - thanks! No I didn't do job costing - reason being - I already owned all of the equipment I needed - and I had no real way to calculate the incremental electricity cost. So the main cost was really just my free time.... Job order and process costing is more useful for companies that have employee wages and direct materials! Fun question :)
I’ve found the best way to express the concept of the first indirect costs to worry about is to talk about bottlenecks. Like if I’m renting a huge seating restaurant space I’m only using 40% of, until I hit capacity I may not need to worry about it until I grow sales by over 100%, in which case trying to think about rent as being applied to every burger is a wasted mental exercise. But if I have a freezer that’s stocked to 95% capacity, with little excess stock, THAT might need to have an indirect cost applied or at least be generally cognizant that if you try to grow, THIS is going to be your first problem. What do I call this… “functional” job costing? The importance of knowing a fixed cost and bottlenecks vs a variable cost is incredibly important for how you grow/market/plan.
Thank you Tony for making these videos helped me understand everything I needed to know and amazing explanation if I could shake your hand it would be an honor🫡
Tony, I love you. It would have taken my prof 100 hours to make me understand these concepts and on my own about 1000 hours. You did it in 11 minutes. You are amazing!
100%
Thank you Tony. Because of you I passed my financial accounting exam… Now i‘m going to pass the managerial accounting with you… and last but not least I look forward for some corporate finance videos :)
I found the way my accounting textbook explained this concept to be rather frustrating--none of the illustrations made sense, and it didn't directly define what process and job order costing meant. This video clarified everything and made it far easier to understand.
Thank you!
Haha, love the wallpaper. The way that kids' minds work is both precious and hysterical! And thanks as aways for the helpful and comprehensive vids.
Tony, Teaching is an art, and you are Artist. Huge respect for your artistic way of teaching. I am currently pursuing CMA and your videos are so helpful for me.
Thanks
Kind rewards
Waseem
Thank you. I am in my second accounting class at an online university and well...I found your videos to supplement the class and you are appreciated.
I have my first accounting midterm soon and this is a lifesaver
Wow, that's fantastic! Thanks a bunch, Tony! Also, your phone wallpaper cracks me up, it's awesome!
I appreciate your consistent and valuable content. Thank You
Thank you for these elaborate videos, coming from a Canadian based University Student.
Thank you for making me enjoy accounting class!!
Glad you enjoy it!
Thats the beauty of every kids on how creative they become.😊
Iam from egypt.. Iam arabian... I adore you ❤❤❤❤❤ Thanks for you
Thank you so much! i was so confused until i watched your videos :)
Lifesaver. Thank you so much for your service!
OH MY God I can't thank you enough for this instruction!
Tony did you do a job costing on this RUclips channel? How many cost allocation pools did you have? I guess food for working would be an indirect cost. Some of your indirect costs would be electricity, camera, computer, or headphones. Obvy you did do some calculations before makeing the channel, and it must be paying off well played, great videos as well, really enjoy your accounting enthusiasm. Cheers
Haha - thanks! No I didn't do job costing - reason being - I already owned all of the equipment I needed - and I had no real way to calculate the incremental electricity cost. So the main cost was really just my free time....
Job order and process costing is more useful for companies that have employee wages and direct materials!
Fun question :)
Thank you 💖💖💖
Hocam merhaba hangi bölümde okuyorsunuz 🎉🎉
I’ve found the best way to express the concept of the first indirect costs to worry about is to talk about bottlenecks.
Like if I’m renting a huge seating restaurant space I’m only using 40% of, until I hit capacity I may not need to worry about it until I grow sales by over 100%, in which case trying to think about rent as being applied to every burger is a wasted mental exercise.
But if I have a freezer that’s stocked to 95% capacity, with little excess stock, THAT might need to have an indirect cost applied or at least be generally cognizant that if you try to grow, THIS is going to be your first problem.
What do I call this… “functional” job costing?
The importance of knowing a fixed cost and bottlenecks vs a variable cost is incredibly important for how you grow/market/plan.
Best! Love your videos!
Thank you for these!!!
THANK YOU FOR THIS
I love you 😭
thanks mr.bell!!
thank yours helpful!
Your daughter is cute and her painting
may god protect your daughter
I had to rewind just to see the wallpaper🤣🤣
It's so gangsta actually 😂😌
protect Tony and Keanu at all costs, Canada!
Haha
Keep your beard. You look handsome with it! : )
Your thumbnails look like Voldemort
Maybe if Voldemort had a big Italian nose!
Thank you Tony for making these videos helped me understand everything I needed to know and amazing explanation if I could shake your hand it would be an honor🫡