Management and Cost Accounting

Abnormal loss absorption costing activity Actual cost Actual hours allocated alternative annual answer assumed average break-even point calculation capital cash flows Chapter CIMA Stage closing stock contribution per unit control account Conversion cost Cost Accounting cost centre cost per unit cost-plus pricing costing system decision demand depreciation direct labour hours Direct materials discount factor division efficiency variance estimates expected value fixed costs Fixed overhead increase incremental input intermediate investment labour cost Labour efficiency linear programming litres machine hours managers marginal cost Material price variance method normal loss opening stock opportunity cost output level overhead expenditure overhead rate period product costs purchase Question reduced relevant cost residual income result ROCE sales revenue sales volume selling price shadow price standard cost standard hours Standard price stock valuation tonnes Total contribution Total cost transfer price variable cost Variable overhead volume variance