This video covers "Marginal Costing". The following topics are covered in this video.
1- What is marginal costing (variable costing or direct costing),
2- Product cost under marginal costing,
3- Period cost under marginal costing,
4- How to prepare income statement under marginal costing,
5- Contribution under marginal costing,
6- Difference between contribution margin and manufacturing contribution margin,
7- How to calculate the cost of goods sold under marginal costing,
8- How to treat period cost and product cost in the income statement,
9- Practice questions-marginal costing,
10- Practice questions for costing,
#CMA, #CPA, #CMAPART1, #cmausa
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