Cost Accounting Marginal Costing Theory and Practice
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# Cost Accounting Marginal Costing Theory and Practice

Learn from Basics to advanced concepts in Marginal Costing to equip yourself for Professional Exams
3.3 (4 ratings)
1,972 students enrolled
Last updated 5/2017
English
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Includes:
• 2.5 hours on-demand video
• 1 Supplemental Resource
• Access on mobile and TV
• Certificate of Completion
What Will I Learn?
• Understand What is Marginal Costing
• Understand Difference between Marginal Costing and Other Costing Techniques
• Understand Difference between Fixed and Variable Cost
• Understanding Relationship between Contribution, Profit and Loss
• Understand Decision Making Indicators like PV Ratio, BEP, MOS, IDP, Shut Down Point
View Curriculum
Requirements
• Students should have basic knowledge of cost accounting
• Students should have basic knowledge of accounting
Description

Course Updated on 25th March 2015 with 7 Videos (including 4 Case Studies)

Marginal Costing is a technique of Decision Making adopted by Management of the Business Units.

Marginal Costing is practically applied in the following situations:

a) Performance Evaluation

b) Profit Planning

c) Fixation of Selling Price

d) Make or Purchase Decision

e) Optimizing Product Mix

f) Cost Control

g) Flexible Budget Preparation

Marginal Costing involves, ascertainment of costs, classifying the costs into Fixed and Variable Cost and using such information for analysis and decision making.

In this course, you will learn about

Marginal Costing,

Direct Costing,

Differential Costing

Variable Costs

Fixed Costs

Semi Variable Costs

Marginal Cost Sheet

Absorption Costing

Marginal vs Absorption Costing

Contribution

Relationship between Contribution, Profit and Loss

Profit Volume Ratio

Break Even Point

Margin of Safety

Indifference Point

Shut down point.

All the above topics will be explained through Video Lectures.

You will learn the theory and practical problems of Marginal Costing in this course.

You should have some basic knowledge of costing and accounting for taking up this course.

This course is structured with an objective to enable you to equip for your examinations.

This course is structured in self paced learning style.

Take this course to understand the theory and practice of Marginal Costing.

Who is the target audience?
• Students pursuing professional courses like CA / CMA / CS / CFA / CPA /CIMA / M.Com.
• Non Accounting / Non Costing students should not take this course
Compare to Other Accounting Courses
Curriculum For This Course
31 Lectures
02:40:36
+
Introduction to Marginal Costing
5 Lectures 09:56
+
Difference between Marginal Costing and Other Costing Techniques
3 Lectures 07:58
Preview 02:29

Difference between Marginal Costing and Direct Costing
01:58

Difference between Marginal Costing and Absorption Costing
03:31
+
Formats
3 Lectures 04:54
Format of Marginal Cost Sheet
02:54

Marginal Cost Equation
00:50

Absorption Costing Format
01:10
+
Contribution and its relationship with Profit
2 Lectures 02:38
Contribution
00:57

Relationship between Profit or Loss and Contribution
01:41
+
Break Even Point
8 Lectures 30:02
Decision making Indicators in Marginal Costing
00:29

Profit Volume Ratio
03:18

Break Even Point
07:52

Break Even Point Example
07:03

Break Even Point Graph
03:13

Indifference Point
03:47

Difference between Indifference Point and Break Even Point
01:30

Shut Down Point
02:50
+
Case Studies
10 Lectures 01:35:08
Case Study on Segregation of Fixed and Variable Cost
06:12

Case Study on Break Even Point
07:40

Case Study on Computation of Sales for Desired Profits
05:00

Case Study on Price Volume Ratio and Break Even Point
12:13

Case Study on Profit Volume Ratio and Break Even Point
11:30

Case Study - Marginal Costing Basic Computations
16:46

Case Study - Break Even Point and PV Ratio
12:04

Case Study - Finding Fixed Cost, PVR and Sales
10:17

Case Study - Marginal Cost Sheet and Variable Cost Interpretation
13:26

Bonus Lecture - Discount Coupon Links for other Courses
10 pages