• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Standard costing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Standard costing

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 9, 2015 at 12:55 pm #240653
    ajaved5
    Participant
    • Topics: 10
    • Replies: 18
    • ☆

    Hi,

    I was practising exam questions with get through guides and they used the term standard costing. The questions where about calculate standard costing with ABC costing from the data given.

    In one of the answer they used marginal costing vs. ABC and in the second the used absorption vs. ABC, is standard costing marginal costing or absorption costing or both?

    I come to the conclusion it is both and it depends on the information which is provided in the question eg selling price use marginal costing

    AJ

    April 10, 2015 at 6:13 pm #240792
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    If I understand you correctly then you are right.

    Standard costing is simply arriving at a budgeted cost per unit. It may be a standard marginal cost or a standard absorption cost – that is up to the business and in the exam you would be told whether it is marginal or absorption.

    ABC is effectively absorption costing, but the overheads are absorbed in a more sensible way than with traditional absorption costing.

    The free lecture on ABC should be of help to you (it covers traditional absorption costing at the same time).

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • nabeelafatima on Using Information Systems – ACCA Performance Management (PM)
  • John Moffat on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures
  • Fangzi on The cost of capital (part 1) – ACCA (AFM) lectures
  • Coffeeice6 on What is Assurance? – ACCA Audit and Assurance (AA)
  • khalid.zaheer on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in