Aat l4 amac - Study guides, Class notes & Summaries

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AAT L4 – AMAC Study Questions with Answers

AAT L4 – AMAC Study Questions with Answers
Exam (elaborations) • 13 pages • 2024

Activity based costing Similar to absorption costing but is more detailed version - allocates overheads to cost pools before absorbing them using cost drivers Cost pool Activity that consumes resources and for which overhead costs are identified and allocated Cost driver Unit of activity that consumes resources ABC calculations method 1. Identify activities 2. Estimate cost pools 3. Identify cost drivers and volume of cost drivers 4. Calculate cost driver rate 5. Charge overheads to...

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1 Exam (elaborations) AAT L4 - AMAC Study Guide Questions All Verified 100%Correct/2024. 2 Exam (elaborations) AAT L3 Accountancy - AVBK - Irrecoverable and doubtful debts (Ch 8) Principles And Issues Questions And Complete Answers/2024. 3 Exam (elaborations) AAT Level 4 MDCL Questions Paper 1 Answers Already Passed/2024. 4 Exam (elaborations) A

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AAT L4 - AMAC Study Guide Questions All Verified 100%Correct/2024.
Exam (elaborations) • 18 pages • 2024
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Activity based costing - correct answer Similar to absorption costing but is more detailed version - allocates overheads to cost pools before absorbing them using cost drivers Cost pool - correct answer Activity that consumes resources and for which overhead costs are identified and allocated Cost driver - correct answer Unit of activity that consumes resources ABC calculations method - correct answer 1. Identify activities 2. Estimate cost pools 3. Identify cost d...