Activity Based Costing (with full-length example)
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- เผยแพร่เมื่อ 3 ส.ค. 2024
- This video explains the process of Activity-based Costing and illustrates how Activity-based Costing is used with an example.
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When you learn something in 23 minutes in stead of not understanding it in 4 hours of class time. You are the MvP! Legend.
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My man
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your explanation and delivery is second to none , your videos have saved my life . thank you
I am a student majoring in accounting and all your videos are very helpful for revision. thank you very much
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A 23 minute video taught me more than my managerial accounting professor ever has in 2 hours and saved me an extra 1.5 hours of trying to discern what is important from the text book. If my professor talked for 23 minutes she might not even get close to teaching us about ABC. Thank you very muchly.
Edspira currently helping me with studying for my mid-term Managerial Accounting class.
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Thank you so much for these, May God bless you abundantly.You are making a real difference in peoples lives
Very helpful. What I didn't get in a 2hr class got clarified in a 30-minute presentation.....bravo, bravo
Now that I watched this video, I'm wondering why my professor took two weeks to explain what you did in 25 minutes. Though I will say that I watch this video at 1.5x speed (just because I can follow it when it's faster, not because you talk slowly), so even less time to comprehend the basis of this subject. Thank you!
I am so grateful for these videos! Incredibly helpful. You are an awesome teacher.
Thank you for the kind words!
Thank goodness for you! Literally helped me with my homework I've been staring at for a week in 30 minutes
Glad I could help!
Off all the accounting toturials here in youtube you are one that I can easily understand. Thank you!
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Prashant,
Comments like these give me the motivation to keep making more videos. Thanks so much! I'm working on getting all the TH-cam videos up on my website: www.Edspira.com. Managerial accounting will be posted within the week. Good luck on the CPA exam!
Same here. It is a waste. But we have to do it because the piece of paper shows employers we can show up in one place for 4 years and jump through a bunch of hoops.
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Hands down the best explanation for ABC! Thank you very much for simplifying this concept.
Glad it was helpful!
Thank you Sir, your explanation and examples are very logical and easy to understand, you just made accounting simple. I got a lot of help from you when I was a university student and now I am working as an auditor and preparing for my CPA exams, I still refer to your videos for recap. Thanks a lot.
THIS VIDEO DESERVES MORE VIEW !!
Still enjoying these videos in 2021
More to come!
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This saves my mid-term test! Thanks a lot!
i cried yesterday trying to learn this, today i will not cry. flying through my homework now! just needed a different explanation thank you!
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Glad to hear you found the video helpful!
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learned ABC system in 23 minutes compared to my prof damnnnnn
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You made that make so much sense. Thank you.
No problem!
Really Nice Lecture ! Thank you
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Thank you! Best wishes to you and your family 😀
This was a great way for me to learn this subject and have better understanding.
Thank you!
Thanks for the easy to follow instructional video. The only thing that I found a little confusing was that you set up a separate cost bucket for assembly. It seems like that would fall under a direct labor cost. I've worked for three different manufacturing companies, and they all used the divide-overhead-costs-by-total-labor-hours method. ABC makes much more sense to me.
Thank you so much for this video. It really helps understand this topic and More simpler than my Accounting for management lectures explaination
You have shaped my University career, thank you!
I'm glad these videos have helped you. Best of luck to you in your future endeavors!
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Thanks so much, I spent a week to check the book but I have no idea how can understand it, thanks again
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Assembly isn't an overhead, it is a direct cost.
Good presentation - there is a lot of bla bla bla about ABC in textbooks when it is simply measuring things at greater granularity - "it's all in the details."
Sir I salute you you’ve made my day easy
Thanks buddy, helped me a lot! :)
Watched like 3 video's. Thanks a lot! It helped me understand.
I like the simplicty of example and with slow flowing voice tnx
Excellent tutorial. Thank you very much!
Very easy to understand. Perfect for quick revision
Thank you!
Thanks, it's very helpful for me as I'm doing chartered accountancy.
Waiting for more contents😃
Thank you! It helped clear the concept up
No problem. Best of luck to you in your studies!
Wow actually understood how to do it after this video thanks
Totally worth subscribing!!!
Great video.. helped a lot .. thanks!
No problem!
I am taking enhanced engineering betc this helped so much with understanding my assignment
i love you man, simple and well structured explanation
Thank you!
Thank you for sharing, u teach for understanding and thats what sets you apart. U will be a perfect swap for my lecturer.. Lol..!!
awesome, thank you very much for the lecture!
Awesome video! Thank you
Thanks for the explanation. It was very clear
I really like your videos, I find them very helpful. I just wonder why you included SGA into the 1M OH cost. I assume by the exemple that you are treating product costing therefore you're allocating manufacturing OH. SGA wouldn't apply into the manufacturing OH concept. Is this some king of general overhead? Or, is the activity based costing a completely separate method to evaluate manufacturing cost from product costing?
Again, thanks for your videos, I hope you are finishing your PHD soon and Education Unlocked goes mainstream.
great man!
This made me smile. Thanks!
Thanks a lot. You videos help a lot.
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Thanks Lerato!
Thank you so much
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Thanks for this. A great refresher. One question I have is what would happen if 1 order had multiple products? Would you have to split the order into decimals?
Good Elaboration .............
Thanks!
you are a life saver !!
Thanks Sadeepa!
Very helpful as always thanks
You could've went into to product cost per unit and all that other Jazz but for the content covered, its a good video.
Thank you so much! I liked and subbed!
Just because ABC is more accurate does not mean that it always beneficial to implement. YOU GOTTA DO COST BENEFIT ANALYSIS!
+Yoshi Negus Excellent point!
#FACTS
Time-Driven ABC may be more beneficial than traditional ABC.
May be your point is pricise , but this is very sefull for University Exams
Honestly speaking, Edspira Lectures are really comprehensive and easy lo follow
very well explained...thank you
no problem 😀
One thing that is missing is, each product can have its own cost per unit, for example:
You want to pack 10x Notebooks and 10x 50" TV's to distribuition.
The notebooks will use way less materials (like plastic) and Labour time, so, for example, we would have R$ 0,10 per unit of Notebooks to pack and R$ 0,25 per unit to pack 50" TV's.
Just a hint so people can look deeper into the system.
Very useful. Thank you 😊
Dud, literally this I’m currently in is lame, my professor just reads off the bored, I don’t learn anything, n it sucks, thank you!
very good explanation thank you !!!
He is better than my professor. :)
Its really helpful. Thank you so much
No problem!
Well understood. 🙌
thanks
Thank god theres English one here , I’ve been searching and all I can find are Hindi languange , and their accent godd 😭
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You are a great teacher. Thank you for your teaching. However, in this case I don't understand how come you combined the assembly of hiking pack and tent together. Do you mean one unit of hiking pack assembly is the same as one unit of tent assembly? Aren't they totally separate assembly processes? Thank you. Looking forward to hearing from you or someone else who can answer. Thanks.
Super helpful thank you
Great...I'm glad this video helped you!
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U deserve a sub
Good overview of the method. In practice, ABC costing is a great way to arrive at a potentially bad managerial decision. Allocating indirect costs to arbitrary cost drivers is ineffective. Strategic Cost Transformation by Reginald Tomas Lee outlines a more sensible approach.
I have a Question
What is the program which is you use to write and present in you amazing videos?
So it's basically the same as standard costing but with multiple overhead rates for each departments involved in the process.
I guess the hard part is coming up with a useful cost driver & realistic estimated overhead rate
Good tutorial
Good job man
Thank you sir.
You are amazing ❤