garikaib

/Garikai Dzoma

About Garikai Dzoma

He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world.

September 2018

Uses and Limitations of Marginal Costing

By |2018-09-18T10:04:19+00:00September 18th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Uses and Limitations of Marginal Costing

  • According to research by CIMA the leading Management Institute
  • Traditional costing methods such as Absorption costing are still in widely used by manufacturing businesses throughout the world
  • There is are reasons for this:

Uses/Advantages of Absorption costing

  • Marginal costing is easy […]
Comments Off on Uses and Limitations of Marginal Costing

The differences between marginal and absorption costing

By |2018-09-17T08:34:09+00:00September 17th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Marginal Costing vs Absorption Costing

  • Having introduced you to both absorption costing and marginal costing
  • It is time to look at some of the differences between the two
  • In discussing marginal costing we have already pointed out the differences between it and marginal costing
  • […]

Comments Off on The differences between marginal and absorption costing

Reconciliation of Marginal Costing and Absorption Costing Profits Example

By |2018-09-04T17:59:20+00:00September 4th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Reconciliation of marginal costing and absorption costing profits

  • As has been said here, due to changes in inventory levels from period to period
  • The profit figures obtained using absorption costing and marginal costing method might vary
  • It is now time to look at an example

The […]

Comments Off on Reconciliation of Marginal Costing and Absorption Costing Profits Example

Reconciliation of absorption and marginal profits

By |2018-09-04T17:30:22+00:00September 4th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Reconciliation of marginal costing and absorption costing profits

  • Because absorption costing includes the cost of fixed overheads in:
    1. Opening and closing inventory and
    2. Cost of sales
  • There will be inevitable differences in profit figures calculated using the two methods
  • These differences will arise whenever there […]
Comments Off on Reconciliation of absorption and marginal profits

Marginal Costing: Statement of Profit Worked Example

By |2018-09-04T09:58:46+00:00September 4th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Marginal Costing: Statement of Profit Example

Comments Off on Marginal Costing: Statement of Profit Worked Example

August 2018

Marginal Costing: Statement of Profit or Loss

By |2018-09-04T07:22:46+00:00August 23rd, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Marginal Costing: Statement of Profit or Loss

  • As has been outlined here there are differences between marginal costing and absorption costing
  • One such stark difference is in the format of statements of profit
  • Below is a proforma Statement of Profit using marginal costing

Marginal Costing Statement […]

Comments Off on Marginal Costing: Statement of Profit or Loss

Marginal Costing: Introduction

By |2018-08-23T08:36:39+00:00August 23rd, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Marginal Costing: Introduction

  • We have already looked at absorption costing here
  • Now it is time to examine marginal costing which is an alternative way of looking at things
  • For while absorption costing treats production overheads as a product cost by assigning a share of these […]
Comments Off on Marginal Costing: Introduction

Uses and Limitations of Absorption Costing

By |2018-09-18T09:54:43+00:00August 16th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Absorption Costing: Uses and Limitations of Absorption Costing

  • According to research by CIMA the leading Management Institute
  • Traditional costing methods such as Absorption costing are still in widely used by manufacturing businesses throughout the world
  • There is are reasons for this

Uses/Advantages of Absorption costing

  • Often used […]
Comments Off on Uses and Limitations of Absorption Costing

Absorption Costing: Statement of Profit Worked Example

By |2018-08-16T08:52:26+00:00August 16th, 2018|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Absorption Costing: Statement of Profit Worked Example

The Question

Zambe Ltd produces […]

Comments Off on Absorption Costing: Statement of Profit Worked Example

Introducing Online Lessons via WhatsApp

By |2018-08-15T09:24:49+00:00August 15th, 2018|General|

We have heard your calls and are now introducing WhatsApp revision sessions. Below are some details about the service

How much will it cost?

  • The service will start at $10 this will entitle you to up to two subjects with each additional subject costing you $5 for example 3 subjects will cost you $15, 4 subjects $20
  • Payment is via Ecocash/PayPal/Visa […]
Comments Off on Introducing Online Lessons via WhatsApp
Like us on Facebook to continue reading

If you like our content please like our Facebook page and help spread the love.