Cost Accounting Marginal Costing Theory and Practice
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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
Semi Variable Costs
Marginal Cost Sheet
Marginal vs Absorption Costing
Relationship between Contribution, Profit and Loss
Profit Volume Ratio
Break Even Point
Margin of Safety
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 academic oriented.
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.
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Certificate of completion.
|Section 1: Introduction to Marginal Costing|
Semi Variable CostPreview
Difference between Fixed Cost and Variable CostPreview
|Section 2: Difference between Marginal Costing and Other Costing Techniques|
Difference between Marginal Costing and Differential CostingPreview
Difference between Marginal Costing and Direct Costing
Difference between Marginal Costing and Absorption Costing
|Section 3: Formats|
Format of Marginal Cost Sheet
Marginal Cost Equation
Absorption Costing Format
|Section 4: Contribution and its relationship with Profit|
Relationship between Profit or Loss and Contribution
|Section 5: Break Even Point|
Decision making Indicators in Marginal Costing
Profit Volume Ratio
Break Even Point
Break Even Point Example
Break Even Point Graph
Difference between Indifference Point and Break Even Point
Shut Down Point
|Section 6: Case Studies|
Case Study on Segregation of Fixed and Variable Cost
Case Study on Break Even Point
Case Study on Computation of Sales for Desired Profits
Case Study on Price Volume Ratio and Break Even Point
Case Study on Profit Volume Ratio and Break Even Point
Case Study - Marginal Costing Basic Computations
Case Study - Break Even Point and PV Ratio
Case Study - Finding Fixed Cost, PVR and Sales
Case Study - Marginal Cost Sheet and Variable Cost Interpretation
Bonus Lecture - Discount Coupon Links for other Courses
I am a practicing Chartered Accountant with tonnes of passion for teaching.
I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.
I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.