ATAR Survival Guide

Identify the difference between fixed, variable and mixed costs.

Understand the concept of mark-up is and the calculation process.

Overview of the concept of Direct Labour Efficiency Variance and worked examples.

Identify the differences between direct and indirect costs.

Video on the concept of direct material price variance and a worked example.

Video tutorial on how to calculate a job order using factory overhead rates.

Distinguish between product and period costs.

Overview of the concept of Direct Material Usage Variance and worked examples.

Distinguish between relevant and sunk costs.

Overview of the concept of Direct Labour Rate Variance and worked examples.