MA6 - Schedule of Cost of Goods Manufactured Example - Part 1
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- čas přidán 30. 05. 2022
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Module 2 examines cost terminology, the schedule of cost of goods manufactured, the schedule of cost of goods sold and the income statement. Terminology discussed includes: Direct materials, direct labour, manufacturing overhead, selling costs, administrative costs, variable costs, fixed costs, and mixed costs.
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My boy, Tony Beeeeezzzzy!!!
Can you explain which type "Packing supplies for shipment" ?
Thanks Tony!!!!!
Great videos, im a UK resident looking to potentially pursue a CIMA qualification in Management Accounting, is your content and methodologies the same as what i would expect in a UK accounting practice? Also, is your content and methodologies the same as what i would expect in the CIMA syllabus's for Management accounting too? I am very new to this area so i am unsure.
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Sam
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What about indirect labour?
Sir, i want to ask, is packaging cost part of manufacturing overhead?
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Thank you
Are there journal entries for these?
Hi, if we hire accountant to take care the billing and purchasing for materials, is that considered admin cost ?
Yup! Should be admin.
@@Tony-Bell Sir, is packaging cost part of manufacturing overhead?
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It is not visible
why didn't you add finished goods in it
Godsend
Tony you said I could put away my calculator in the first lecture what are you doing?
Haha - that was ONLY for the first lecture! After that, calculators are needed!!
Tony Bell Head! ❤😂
Where my Classmates at?
Inventory of raw material 2025? How's that possible at January 2025
Those are the excess of the previous year work in process balance. Example you forwarded 100 buns from your warehouse to your burger station but at the end of the year there's 20 unused buns which are considered the ending material inventory of 2024 which is the beginning material inventory of 2025
Tee Beezy off da heezy!