Understanding Marginal Costing

Name: Understanding Marginal Costing
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In this free online course, learn about the various components of marginal costing and its impact on business success.

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Learning Outcomes

In this free course, you will learn how to:

State significant reasons why costing is essential in business operations
Distinguish between marginal costing and absorption costing methods
Explain why marginal costing is not generally accepted for external reporting such as financial statements
Define variable costs, fixed costs, and semi-variable costs
Discuss the primary purposes of cost-volume-profit
Recognise the importance of CVP in decision-making and planning
Recall the formulas for calculating various marginal costing concepts
Explain the concepts and benefits of incremental analysis and the make-or-buy decisions
Identify the factors to be considered when comparing internal production with external sourcing
Recognise the limitations and primary criticisms of marginal costing
State the factors to be considered when comparing marginal costing with activity-based costing
Explain the primary objective of the break-even analysis

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