Summary: Samenvatting Fidm
- This + 400k other summaries
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Read the summary and the most important questions on Samenvatting FIDM
-
1 Eigen flashcards lecture 1, 2, 3
This is a preview. There are 18 more flashcards available for chapter 1
Show more cards here -
Indirect costs are related to a particular cost object but cannot be traced to it because
- cost element is shared among cost objects (common costs)
- physically impossible to trace
- not cost effective to trace -
Criticism traditional allocation method
- Assumes all overhead is volume related
- Organization-wide or departmental rates all related to single activity measure
- Departmental focus, not process focus
- Focus on costs incurred, not cause of costs -
Over-absorbed overhead/over-recovery of overhead
Actual overhead < absorbed overhead -
Cost allocations act as
an internal tax system -
Joint costing: Physical measurement method
Determine weighing of joint cost allocated accordingly with production in kg -
Joint costing: Sales value at split-off method
Determine weighing of joint cost allocated accordingly with sales value -
Variable costing (=direct costing/marginal costing)
Excludes fixed costs from product costs and writes them off in the year that the costs are incurred.
Operating income = sales x (price - full costs) + (actual production - normal production) x fixed OH rate -
Dysfunctional effect under absorption costing:
- Managers can defer recognition of fixed manufacturing costs by building ending inventory
- Incentive to over-produce -
For which type of costing does level of sales determine break-even point
Variable costing -
Examples batch-related activities
set-ups, purchase ordering and first-item inspection activities
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
Topics related to Summary: Samenvatting Fidm
-
Eigen flashcards FIDM - Eigen flashcards
-
An introduction to cost terms and concepts
-
Cost assignment
-
Joint and Product costing
-
Income effects of alternative cost accumulation systems
-
Cost volume profit analysis
-
Measuring relevant costs and revenue for decision making
-
Pricing decisions and profitability analysis
-
Activity Based Costing (ABC)
-
Decision making under conditions of risk and uncertainty
-
Capital investment decisions: appraisal methods
