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I’m a little confused. Which costing techniques (marginal, absorption, activity based costing) allocate all production costs (variable and fixed) to the products?
Thanks.
Marginal costing only allocates the variable costs to the products. Absorption and activity based costing allocate both variable and fixed costs.
Have you watched my free lectures on this? The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
I have another question.
which of these are included in a budget manual:
1.minutes of budget committee meetings
2.master budget for forthcoming period
3.relationship between principal budgetsI’ve tried to look online on different websites but nothing is too clear.
Why are you attempting questions for which you do not have answers? You should be using a Revision Kit from one of the ACCA approved publishers.
The budget manual will contain item 3 and probably item 1 (although this is not compulsory). It will not contain item 2 because the manual contains the instructions for preparing the budgets, not the budgets themselves.
Thanks for the help and I’ve lost the answers as I printed these questions off a forum I had found but I’ve lost the answers and cannot find the forum again.
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