This class was created by Brainscape user mango fy. Visit their profile to learn more about the creator.

Decks in this class (12)

1. Costings
What are the three types of manag...,
How does r anthony split up manag...,
Define cost object 3
28  cards
2. Full Cost techniques
Define absorption costing 1,
What are the steps to calculate t...,
Equation for apportionment to cos...
23  cards
3. Marginal Costing
Define marginal costing 1,
Define period costs 2,
What is meant by contribution 3
32  cards
4. Rationale for budgets
Define budget and its difference ...,
Prime 2,
What is meant by the conflicting ...
30  cards
5. Budgeting Concepts
What is budgeting manual 1,
What are the functions of the bud...,
What is meant by departmental fun...
29  cards
6. Short term decision making
What are the benefits of using ab...,
Define relevant costs 2,
What are non relevant costs 3
18  cards
7. Models for decision making
What is breakeven point 1,
What are cos volume profit assump...,
What is the forumal for breakeven...
14  cards
8. Limiting Factors
What are examples of limitign fac...,
How do business maximise profit g...,
Define shadow price 3
16  cards
9. Risk and Uncertainty in decision making
Define risk 1,
Define uncertainty 2,
What are the different attitudes ...
24  cards
10. Budgetary
What is fixed budget 1,
What are the features of fixed bu...,
What is a flexible budget 3
38  cards
11. Standard Costing and Variance analysis
Define standard cost 1,
What is meant by standard hour 2,
What is the purpose of standards 3
43  cards
12.Further variance analysis
Which variance is relevant to sal...,
When can sales volume variance be...,
What is meant by salex mis 3
15  cards

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P

  • Class purpose General learning

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