LESSON OBJECTIVES
Assessment Criteria 1.3 Calculate costs using appropriate techniques Below are questions pertaining to lesson 3. Please ensure to answer each question correctly. 1. Explain the difference between using traditional overhead absorption costing and using Activity Based Costing (ABC). 2. Which industry is a major user of the Marginal Costing approach for the selling of its tickets/fares? 3. Calculate the Full (Absorption) Cost in the following question: LESSON OBJECTIVE
Assessment Criteria AC 1.2 Use different Costing Methods Below are questions pertaining to lesson 2. Please ensure to answer each question correctly. 1. Explain the differences between Job costing and Batch Costing. 2. Which method of Costing would be most appropriate for use in a Company that Manufacturers paint? 3. Give two (2) reasons for the method you selected in question 2 above. 4. Give two examples of Service costs and identify scenarios where these costs would be direct or indirect costs LESSON OBJECTIVE
Assessment Criteria AC 1.1 Classify different types of cost Below are questions pertaining to lesson 1. Please ensure to answer each question correctly. 1. What is the difference between a fixed cost and a variable cost? 2. Who are the primary users of Management Accounting information? 3. How useful is management accounting information? 4. Give two (2) main differences between Management Accounting and Financial Accounting. This is a scholarly, higher education and professional forum for Intelligent Conversations. Only Questions, Posts and Scholarly Information related to Unit 9 are allowed.
Unit 9 Dialogue Group is a great medium for us to share individual analysis on the importance of different costing and budgetary systems and budgetary planning and control. I will be uploading videos and/or review notes for each week's lesson. You will answer ALL the Review Questions posted weekly for each lesson. There will be Fourteen (14) Posts in total over the next 12 Weeks. To Earn The 10% Grade from this forum, you MUST answer the review questions by Sunday of each week. You will be penalized for Late Posts. You cannot cut and paste information on my board. These will be deleted promptly and you will be immediately given an 'F' Grade. It is not necessary to cite your own ideas provided, but it is advisable at this level to validate your work through referencing. Plagiarism is a crime punishable by expulsion. I will be using a register to record your excellent and anticipated participation in Unit 9 Dialogue. At the end of the semester, if you answer all weeks and on time you will earn an A Grade - Full Marks. If you miss more 4 or more posts or make 4 late posts, you earn an 'F' Grade. Your commitment and participation in your learning at Colbourne College speaks to your character and ability to meet professional requirements and developments. You will post twice per week. This will be to answer the Review Question or Pose a Question to your peers or the dialogue group moderation. Students can have good cross-discussions among themselves to stimulate critical thinking and build quality conversations. Be Engaged! Be Informed! REMEMBER! If you do not PASS Unit 9 Forum by consistent, robust and sustained dialogue, you WILL fail the entire Unit 9 Course. My only objective is to help you pass UNIT 9. This means posting relevant review questions from each lesson and getting you engaged in the course content. I review all posts that you make. I plan on making your learning and experiences in Unit 9 Dialogue Group focused, diverse, fun, engaging and interactive. By starting this unit and with expectation to Pass the course, you hereby accept this challenge. If you accept, you may begin. ABOUT BTEC L5 CURRICULUM FOR UNIT 9 MANAGEMENT ACCOUNTING: COSTING AND BUDGETING UNIT OVERVIEW This unit looks at the cost information, both current and future, of businesses. It looks at how cost data is collected, compiled and analysed, and processed into information that is useful for business managers. You will have the opportunity to apply these principles to practice. LEARNING OUTCOMES On successful completion of this unit you will: 1 Be able to analyse cost information within a business 2 Be able to propose methods to reduce costs and enhance value within a business 3 Be able to prepare forecasts and budgets for a business 4 Be able to monitor performance against budgets within a business. |
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November 2016
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