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Lauren Tracey
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Decks in this class (14)
Chapter 1: Rationales for costing
What is the focus of cost accounting,
What is the focus of management a...,
What data is used in cost accouting
20
cards
Chapter 2: Traditional Costing
What can the total costs of an or...,
What can production costs be brok...,
What is a direct cost
25
cards
Chapter 3: Activity Based Costing
What are some problems caused by ...,
What is an activity cost pool,
What is an activity cost driver
8
cards
Chapter 4: Other Costing Techniques
What are the two main types of co...,
What is specific order costing,
What is continuous costing
18
cards
Chapter 5: Variance Analysis
What is a variance,
How do you calculate sales price ...,
How do you calculate sales volume...
29
cards
Chapter 6: Further Variance Analysis
What are the two types of varianc...,
What are the two ways to calculat...,
How do you calculate weighted ave...
6
cards
Chapter 7: Preparing Budgets
What is a budget,
Why do we budget,
How do we calculate the materials...
25
cards
Chapter 8: Forecasting
What is the purpose of forecastin...,
What areas of budgeting may forec...,
What is the equation of a straigh...
15
cards
Chapter 9: Budgetary Control
What is budgetary control,
What is budgetary control,
What are uncontrollable costs
15
cards
Chapter 10: Relevant Costs and Decision Making
What are relevant costs and revenues,
What are the characteristics of a...,
What is a sunk cost
19
cards
Chapter 11: Break-even Analysis
How do we calculate contribution,
How do we calculate the contribut...,
What is the break even point
14
cards
Chapter 12: Linear Programming
When is linear programming used,
How do we solve linear programmin...,
What is slack
7
cards
Chapter 13: Risk and Uncertainty in the short-term
Is risk quantifiable or unquantif...,
Is uncertainty quantifiable or un...,
What is an expected value
26
cards
Difficuly
What is a cost centre,
What is a time series,
What is a trend
68
cards
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CIMA P1
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