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Budgeting and marginal costing

This topic has 3 replies, 2 voices, and was last updated 12 years ago by Ken Garrett.

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May 2, 2012 at 11:09 am #52453
dazhong0703
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How will be budgeting and marginal costing be tested in P3 exam? Any practical questions? Thanks a lot.
May 2, 2012 at 2:46 pm #97019
Ken Garrett
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Budget = a forecast and a plan, so might be some relevance to business/strategic planning.
MC and MR are used in decision making. Could be relevant to expansion and product decisions and to shut down decisions.
May 3, 2012 at 1:02 am #97020
dazhong0703
Member
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The examiner added these new topics to P3, how do I prepare for them, pls? I never studied subject performance management. Kindly elaborate more. Thank you.
May 3, 2012 at 2:16 pm #97021
Ken Garrett
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They are all part of the F5 syllabus so I suggest you look there for further guidance.
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