Activity Based Costing (Part 1) Cost Pools and 1st Stage Allocation

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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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Опубликовано:

12 ноя 2014

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Комментарии : 49

@matarrkebbeh1269 4 года назад

What Lecturers explain in 2 hours you make it very clear in few minutes. God bless you.

@prithvirajsuryawanshi5369 4 года назад

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!

@althma5203 9 лет назад

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!

@anshumanster 4 года назад

yes awesome videos

@internetweb1388 Год назад

you're lucky that you're done :(

@sachkagana1939 7 лет назад

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.

@AZB2000 Год назад

Thank you Edspira you are a true American hero

@ManyManySheep 8 лет назад

Such a good series - short and sweet and to the point! Helps me connect all the dots learned from school. Thank you so much!

@Cheesecake99YearsAgo 7 месяцев назад

2:16 What is SGA? Sales, Goods and Administration?

@garimaale1540 8 месяцев назад

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

@jls0037cslewis1 7 лет назад

youtube, and mobile apps make studying for the CPA easy. your videos are awesome. much better than I remember college. God bless you.

@Edspira 7 лет назад

Thank you for your kind words!

@lisanyoka4139 8 лет назад

THIS VIDEO IS GREAT. So helpful. Thank you so much.

@jimmymoody9595 4 года назад

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 🇬🇧👊🏼

@samanthaadamson5134 5 лет назад

You are so great, thank you for all that you do.

@rob8482 6 лет назад

Really made that very clear. Thanks. Your videos are always excellent!

@Edspira 6 лет назад

Thanks Robert!

@kboone8739 7 лет назад

Excellent video!!!!

@yasirarafat3829 4 года назад

Thank You, Sir.

@vickisherman6430 9 месяцев назад

Thank you thank you! This was SO helpful!!

@Edspira 9 месяцев назад

I'm so glad to hear that! I hope you do really well in your course!

@superco15 5 лет назад

Really helpful!

@juliansmith8350 8 лет назад

So helpful, you are a legend

@Edspira 8 лет назад

Thank you!

@haneenjaber8288 8 лет назад

You're the best! ^_^

@Edspira 8 лет назад

+Haneen Jaber Thanks!

@manavjoshi1050 8 лет назад

great video.... it helped a lot

@Edspira 8 лет назад

Thanks!

@adeelasghar5465 3 года назад

Really help full... Thank you

@Edspira 3 года назад

Glad to hear that

@martinlazar83 8 лет назад

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!

@Lifeafter40 6 лет назад

what software/equipment do you use for lectures?

@MakeIt27 9 лет назад

Nice basic

@gabrielvillagomez 8 лет назад

Omg u are the boss, u just helped so much,are u teacher by the way right ?

@Edspira 8 лет назад

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

@catpaws1913 6 лет назад

I just realized my teacher literally skipped like 10 of these topics and shoved a practice test in our faces.

@johnmorris3816 3 года назад

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?

@havardvab9075 8 лет назад

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...

@waqasahmad6111 Год назад

Can we say the Cost pool is also called the " Activity centre " like Production centre and service centre .

@liutim6387 3 года назад

How did you get the activity measure? Did you just randomly named it?

@erjonsk 7 лет назад

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.

@kebaletlole1443 7 лет назад

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

@erjonsk 7 лет назад

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 :).

@nawafmohammedali3492 4 года назад

What's the cost object in this scenario?

@excaliberx2009 4 года назад

So I thought that support costs aren't related to MOH cost. It's more of a period cost

@joantrendafilov7963 2 месяца назад

trying to pass accounting exam with discalculia

@yoshinegus4019 8 лет назад

SKATE SHOPS!

@adamsakolgo5817 5 лет назад

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.