Activity Based Costing (Part 1) Cost Pools and 1st Stage Allocation
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- Опубліковано 12 лис 2014
- This video explains the process of activity-based costing. Using an example to illustrate the process, this video shows how to identify cost pools, assign costs to the costs pools in the first stage allocation, and calculate activity rates.
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What Lecturers explain in 2 hours you make it very clear in few minutes. God bless you.
i was having immense trouble trying to get my head around this concept. but after watching your video, i think i get it. thank you so much. deserves a like!
Always watch these videos before exams/quizzes for review.. They do a great job at summing up all the ideas that accounting textbooks throw at us. Plus it doesnt hurt that cost accounting is pretty fun!
yes awesome videos
you're lucky that you're done :(
Thank you Edspira you are a true American hero
Such a good series - short and sweet and to the point! Helps me connect all the dots learned from school. Thank you so much!
i just wanted to say. you dont know how much you are helping ppl who are struggling in accounting problems. the way you explaining is very understandable and applicable. thank you sooo much.
THIS VIDEO IS GREAT. So helpful. Thank you so much.
You are so great, thank you for all that you do.
I know you get praise all the time from many greatful viewers, but I just wanted to add my voice (or words 🙈) and give you a massive thanks for this video. Really struggling with this until I found your video. Greetings from the UK 🇬🇧👊🏼
Thank you so much for your video. Until now I was thinking cost driver comes before cost pool. Your video made it crystal clear for me
2:16
What is SGA?
Sales, Goods and Administration?
Really made that very clear. Thanks. Your videos are always excellent!
Thanks Robert!
Excellent video!!!!
youtube, and mobile apps make studying for the CPA easy. your videos are awesome. much better than I remember college. God bless you.
Thank you for your kind words!
Thank You, Sir.
Really helpful!
Thank you thank you! This was SO helpful!!
I'm so glad to hear that! I hope you do really well in your course!
So helpful, you are a legend
Thank you!
great video.... it helped a lot
Thanks!
Really help full... Thank you
Glad to hear that
Great videos! :) I just noticed that in the Manag. acc. playlist they are not in sequence, like ABC 2 is before ABC 1 and some theory concepts are at the end of the list. Anyway, thanks a lot for those clear explanations. Cheers!
You're the best! ^_^
+Haneen Jaber Thanks!
Nice basic
what software/equipment do you use for lectures?
Omg u are the boss, u just helped so much,are u teacher by the way right ?
No problem! I am an adjunct professor of accounting at the Olin Business School and a PhD student at the Brown School of Social Work. I am also a licensed CPA
Hello Ed, but what if the company produces just one product? For example, like in the case of your example company, what if it produces just skateboards? Is abc even worth performing?
Hi! Great video!! Very helpful. Can you help me understand the concept of the costing/activity hierarchy? Find it difficult to grasp what the point is...
How did you get the activity measure? Did you just randomly named it?
I just realized my teacher literally skipped like 10 of these topics and shoved a practice test in our faces.
Hi, thank you for this. Would you say that ABC is equivalent to Job Order Costing with multiple allocation bases for each cost centre? Thx again, appreciated a lot the video.
I'm not too sure myself but isn't it job order costing the one where you take all your overheads and divide it by the cost driver in most cases being Direct Labour hours which at the end of the day is the plantwide rate or POHR, then ABC basically traces overheads to each cost driver.. which is why textbooks will tell you that ABC is the preferred method
Yes Keba, I think you're right. What ABC does differently from JOC is put in an additional layer of cost determinants enabling a more precise and obviously complex cost allocation. So my supposition above should be incorrect. Took me a couple months but I think I have it now :).
What's the cost object in this scenario?
Can we say the Cost pool is also called the " Activity centre " like Production centre and service centre .
So I thought that support costs aren't related to MOH cost. It's more of a period cost
SKATE SHOPS!
trying to pass accounting exam with discalculia
We have been asked to solve a similar question and don't know how to approach it can you help please? Send me your email so I forward the question to you please.