Absorption & Marginal Costing

This module demonstrates the methods used to measure the product cost.

The learning outcomes of this module is to:

(a) calculating the overhead absorption rate,

(b) determine the product cost using absorption and marginal costing,

(c) determining the under/over absorbed costs,

(d) preparing the income statement using absorption and marginal costing,

(e) reconciling profits between absorption and marginal costing.