Cost Accounting

Content in This Section

Identify the difference between fixed, variable and mixed costs.

Behavioural Costs

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

Concept and Calculation of Mark Up

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

Direct Labour Efficiency Variance

Identify the differences between direct and indirect costs.

Relationship Costs

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

Direct Material Price Variance

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

Job Order Costing

Distinguish between product and period costs.

Treatment of Costs

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

Direct Material Usage Variance

Distinguish between relevant and sunk costs.

Time Orientation of Costs

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

Direct Labour Rate Variance

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