Activity Based Costing (with full-length example)

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

ความคิดเห็น • 192

  • @daveklaassen4272
    @daveklaassen4272 3 ปีที่แล้ว +111

    When you learn something in 23 minutes in stead of not understanding it in 4 hours of class time. You are the MvP! Legend.

  • @sameeral-jurf8823
    @sameeral-jurf8823 6 ปีที่แล้ว +368

    You are truly a legend. what my professor does in 2 weeks you can sum up in less than 1 hour. I wish I was joking, you are the boss!

  • @lazizr3411
    @lazizr3411 4 ปีที่แล้ว +9

    People do not value free stuff, but it is the most valuable thing in our lives! Thank you, sir!

  • @awaboz
    @awaboz 8 ปีที่แล้ว +73

    your explanation and delivery is second to none , your videos have saved my life . thank you

  • @longneckproductions7873
    @longneckproductions7873 5 ปีที่แล้ว +5

    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.

  • @djjayjay680
    @djjayjay680 5 ปีที่แล้ว +34

    I think your teaching method of walking through an example from the get-go is second to none. You add tidbits while completing the calculations that explain the theory unlike most textbooks that frontload the theory before even stepping into an example. You sir, are a legend.

  • @jiyoungyun7494
    @jiyoungyun7494 8 ปีที่แล้ว +127

    I am a student majoring in accounting and all your videos are very helpful for revision. thank you very much

    • @ruralbird2417
      @ruralbird2417 6 ปีที่แล้ว

      oh boy

    • @ruralbird2417
      @ruralbird2417 6 ปีที่แล้ว

      u look sweet in bed u know

    • @twixter0
      @twixter0 4 ปีที่แล้ว +23

      @@ruralbird2417 easy there cowboy

  • @washambiswimp714
    @washambiswimp714 2 ปีที่แล้ว +1

    God Bless the internet (and these youtubers) for helping me understand things for my classes

  • @joshuasturgell1800
    @joshuasturgell1800 4 ปีที่แล้ว +7

    Edspira currently helping me with studying for my mid-term Managerial Accounting class.

  • @5Cinque512
    @5Cinque512 3 ปีที่แล้ว +3

    Teaching is very simple. If just, every professors and teachers were so detailed, everyone could learn something. Thank you man.!

  • @connorcech7697
    @connorcech7697 4 ปีที่แล้ว +5

    these videos got me through college accounting courses, and now they are helping me actually understand my CPA study material.. good stuff

  • @tedgrove9412
    @tedgrove9412 3 ปีที่แล้ว +1

    Best. channel. ever. Seriously, I'm taking cost accounting right now and this guy is a godsend

  • @dylanhardy1093
    @dylanhardy1093 4 ปีที่แล้ว +11

    You have been helping me through all of my online accounting classes for the past year. Thank you so much!

  • @prashantborda1992
    @prashantborda1992 7 ปีที่แล้ว +6

    I am pursing CPA in Canada. For Core 2 module, this is life saving. I have an exam after a week, was totally lost but then i came across this TH-cam channel. Each video is pure gold. I wish Univ professors take sometime and what this videos and learn how to teach.I feel like spending those thousands of $$ in Univ was total waste. This is real education.

    • @Edspira
      @Edspira  7 ปีที่แล้ว +2

      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!

    • @chriskirby111
      @chriskirby111 7 ปีที่แล้ว

      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.

    • @PercocetsMollyPercocets
      @PercocetsMollyPercocets 5 ปีที่แล้ว

      hey i need to talk to you regarding CPA canada and the job market opportunities for people after having achieved this degree. May i have any social media link to have a chat with you?
      Thanks.
      In need of your help.
      Dhrubo

  • @ThePsychoGamerYT
    @ThePsychoGamerYT ปีที่แล้ว

    Thank you , such a life saver. Definitely was worth watching the full 23 minutes instead of watching a short 4 minute video.

  • @brianwong9953
    @brianwong9953 6 ปีที่แล้ว +8

    THIS VIDEO DESERVES MORE VIEW !!

  • @morgannkomo6936
    @morgannkomo6936 4 ปีที่แล้ว

    Very helpful. What I didn't get in a 2hr class got clarified in a 30-minute presentation.....bravo, bravo

  • @erobdethkult
    @erobdethkult 3 ปีที่แล้ว +2

    Much better than my MBA class! Thank you

  • @valeska973
    @valeska973 3 ปีที่แล้ว +2

    Hands down the best explanation for ABC! Thank you very much for simplifying this concept.

    • @Edspira
      @Edspira  3 ปีที่แล้ว

      Glad it was helpful!

  • @Gravy_moat
    @Gravy_moat 3 ปีที่แล้ว

    i cried yesterday trying to learn this, today i will not cry. flying through my homework now! just needed a different explanation thank you!

  • @sbee1682
    @sbee1682 3 ปีที่แล้ว +4

    You explain everything beautifully. So easy to comprehend and follow along with your videos and demonstrations. Great. Thank you for sharing these.

  • @rayereflections5336
    @rayereflections5336 2 ปีที่แล้ว +2

    Thank goodness for you! Literally helped me with my homework I've been staring at for a week in 30 minutes

    • @Edspira
      @Edspira  2 ปีที่แล้ว

      Glad I could help!

  • @letmusiclivee
    @letmusiclivee 2 ปีที่แล้ว +1

    This helped so much !!! I have a talk with my teacher for a retake tomorrow and this helped me understand how to explain it. You rock!

    • @Edspira
      @Edspira  2 ปีที่แล้ว

      Glad to hear you found the video helpful!

  • @jessicakalbfleisch9245
    @jessicakalbfleisch9245 7 ปีที่แล้ว +10

    I am so grateful for these videos! Incredibly helpful. You are an awesome teacher.

    • @Edspira
      @Edspira  7 ปีที่แล้ว +2

      Thank you for the kind words!

  • @RangerXXT
    @RangerXXT 3 ปีที่แล้ว

    your videos are so much better than what my school gives, thank you a ton

  • @LemuelQuider
    @LemuelQuider 3 ปีที่แล้ว

    Off all the accounting toturials here in youtube you are one that I can easily understand. Thank you!

  • @cooldudewalton
    @cooldudewalton 4 ปีที่แล้ว +3

    Thank you! You made this so much simpler than it was in my workshop. Perfect video.

  • @waqasahmad6111
    @waqasahmad6111 2 ปีที่แล้ว +1

    Your excellency I am very much satisfied with your method of teaching. Your way of teaching is up to the mark . Stay blessed sir Thanks from Pakistan

    • @Edspira
      @Edspira  2 ปีที่แล้ว

      Thank you! Best wishes to you and your family 😀

  • @shadowhalk225
    @shadowhalk225 2 ปีที่แล้ว

    You have literally just saved my life. Thank you

  • @BestSolutionsAccounting
    @BestSolutionsAccounting 4 ปีที่แล้ว +5

    I really appreciate the sheer amount of effort you put into these videos! You are an amazing person for doing this!

    • @Edspira
      @Edspira  4 ปีที่แล้ว +1

      Thank you for such kind words! I appreciate your support :)

  • @jimmymoody9595
    @jimmymoody9595 5 ปีที่แล้ว +2

    Cannot thank you enough. I was stuck on this for about 2 months due to giving up when I didn't understand 🤦🏻‍♂️. Blessed to have found this channel 👌🏼

  • @yihinli8278
    @yihinli8278 6 ปีที่แล้ว +2

    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.

  • @xochitlfernandez2337
    @xochitlfernandez2337 2 ปีที่แล้ว +1

    This was a great way for me to learn this subject and have better understanding.

    • @Edspira
      @Edspira  2 ปีที่แล้ว

      Thank you!

  • @gnydell
    @gnydell 5 ปีที่แล้ว +9

    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!

  • @mariabrown4664
    @mariabrown4664 4 ปีที่แล้ว

    Love love love your explanations, Cannot explain how thankful I am.

  • @rizwanalikhan6604
    @rizwanalikhan6604 4 ปีที่แล้ว +1

    Sir I salute you you’ve made my day easy

  • @montyberente5996
    @montyberente5996 4 ปีที่แล้ว +1

    i love you man, simple and well structured explanation

    • @Edspira
      @Edspira  4 ปีที่แล้ว +1

      Thank you!

  • @BeachBunnyGaming
    @BeachBunnyGaming 3 ปีที่แล้ว +2

    Still enjoying these videos in 2021

    • @Edspira
      @Edspira  3 ปีที่แล้ว +1

      More to come!

  • @njabulontsakonkuna7403
    @njabulontsakonkuna7403 6 ปีที่แล้ว +3

    Thank you so much for these, May God bless you abundantly.You are making a real difference in peoples lives

  • @fvandongen
    @fvandongen 2 ปีที่แล้ว

    Watched like 3 video's. Thanks a lot! It helped me understand.

  • @Samantha-ji7iw
    @Samantha-ji7iw 2 ปีที่แล้ว

    I am so thankful to you and this channel! I can not thank you enough! 🙏

  • @tarane409
    @tarane409 2 ปีที่แล้ว

    I am taking enhanced engineering betc this helped so much with understanding my assignment

  • @cookingforfools8691
    @cookingforfools8691 3 ปีที่แล้ว +2

    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.

  • @cagonima
    @cagonima 6 ปีที่แล้ว +3

    You have shaped my University career, thank you!

    • @Edspira
      @Edspira  6 ปีที่แล้ว

      I'm glad these videos have helped you. Best of luck to you in your future endeavors!

  • @BoityBillion
    @BoityBillion ปีที่แล้ว +1

    Very easy to understand. Perfect for quick revision

    • @Edspira
      @Edspira  ปีที่แล้ว

      Thank you!

  • @tolomeo96
    @tolomeo96 5 ปีที่แล้ว

    you are a legend much love from IE business school

  • @kimberlysiosi3371
    @kimberlysiosi3371 3 ปีที่แล้ว

    Thank you so much for this video. It really helps understand this topic and More simpler than my Accounting for management lectures explaination

  • @genihabtu5066
    @genihabtu5066 2 ปีที่แล้ว

    I like the simplicty of example and with slow flowing voice tnx

  • @aish_30
    @aish_30 3 ปีที่แล้ว

    Thanks, it's very helpful for me as I'm doing chartered accountancy.
    Waiting for more contents😃

  • @kobrian6752
    @kobrian6752 7 ปีที่แล้ว

    This saves my mid-term test! Thanks a lot!

  • @Jayofteror
    @Jayofteror 4 ปีที่แล้ว

    He is better than my professor. :)

  • @september7013
    @september7013 6 ปีที่แล้ว +2

    You made that make so much sense. Thank you.

    • @Edspira
      @Edspira  6 ปีที่แล้ว

      No problem!

  • @jomariecrisixmuyco4870
    @jomariecrisixmuyco4870 2 ปีที่แล้ว

    Thanks for the explanation. It was very clear

  • @cynthia217
    @cynthia217 10 หลายเดือนก่อน

    Wow actually understood how to do it after this video thanks

  • @Kezayahh
    @Kezayahh ปีที่แล้ว

    U deserve a sub

  • @tttttttr-uv1ui
    @tttttttr-uv1ui 9 วันที่ผ่านมา

    Thanks man , u are the best

  • @luda_c
    @luda_c 4 ปีที่แล้ว

    Excellent tutorial. Thank you very much!

  • @neilmansilla4843
    @neilmansilla4843 6 ปีที่แล้ว +33

    learned ABC system in 23 minutes compared to my prof damnnnnn

  • @exoticculture9363
    @exoticculture9363 8 ปีที่แล้ว +13

    great man!

    • @Edspira
      @Edspira  8 ปีที่แล้ว +2

      This made me smile. Thanks!

  • @pjgdba306
    @pjgdba306 5 ปีที่แล้ว +2

    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."

  • @markrogers6778
    @markrogers6778 2 ปีที่แล้ว

    Thank you James Woods

  • @Dapuf_Puffd
    @Dapuf_Puffd 3 ปีที่แล้ว

    Very helpful as always thanks

  • @linh918
    @linh918 ปีที่แล้ว

    Very useful. Thank you 😊

  • @divya7514
    @divya7514 3 ปีที่แล้ว +1

    very well explained...thank you

    • @Edspira
      @Edspira  3 ปีที่แล้ว

      no problem 😀

  • @leratorambau9432
    @leratorambau9432 6 ปีที่แล้ว +2

    YOUR VIDEO'S ARE AMAZING

    • @Edspira
      @Edspira  6 ปีที่แล้ว

      Thanks Lerato!

  • @maureensticco4592
    @maureensticco4592 5 ปีที่แล้ว +1

    Awesome video! Thank you

  • @Joseph-ey1rc
    @Joseph-ey1rc 4 ปีที่แล้ว +1

    Its really helpful. Thank you so much

    • @Edspira
      @Edspira  4 ปีที่แล้ว

      No problem!

  • @nurillomukhammadkulov8745
    @nurillomukhammadkulov8745 7 ปีที่แล้ว +1

    Really Nice Lecture ! Thank you

  • @lucasperez9800
    @lucasperez9800 ปีที่แล้ว

    very good explanation thank you !!!

  • @tevitatalanoa9880
    @tevitatalanoa9880 5 ปีที่แล้ว +1

    Thank you for sharing, u teach for understanding and thats what sets you apart. U will be a perfect swap for my lecturer.. Lol..!!

  • @nightthemare4742
    @nightthemare4742 3 ปีที่แล้ว

    Thanks a lot. You videos help a lot.

  • @karensinian4701
    @karensinian4701 5 ปีที่แล้ว

    Thanks so much, I spent a week to check the book but I have no idea how can understand it, thanks again

  • @alexthegreat445
    @alexthegreat445 7 ปีที่แล้ว +4

    Great video.. helped a lot .. thanks!

    • @Edspira
      @Edspira  7 ปีที่แล้ว +1

      No problem!

  • @johannesvorfeld695
    @johannesvorfeld695 3 ปีที่แล้ว

    Good job man

  • @sanikakhatu5894
    @sanikakhatu5894 ปีที่แล้ว

    You are amazing ❤

  • @tg-us3hw
    @tg-us3hw 6 ปีที่แล้ว +4

    may god bless you

  • @ArjunGurungTheArjun
    @ArjunGurungTheArjun 7 ปีที่แล้ว

    Totally worth subscribing!!!

  • @yanadashevski8243
    @yanadashevski8243 4 ปีที่แล้ว

    Thank you SO MUCH for clarifying the bases for me.

  • @ttig4044
    @ttig4044 4 ปีที่แล้ว

    You could've went into to product cost per unit and all that other Jazz but for the content covered, its a good video.

  • @tadiwaduncan9637
    @tadiwaduncan9637 4 ปีที่แล้ว +1

    this is very helpful

    • @Edspira
      @Edspira  4 ปีที่แล้ว

      Great!

  • @salvereginarivera5498
    @salvereginarivera5498 5 ปีที่แล้ว

    Very helpful😍😍

  • @wamelesang1076
    @wamelesang1076 3 ปีที่แล้ว

    awesome, thank you very much for the lecture!

  • @fomuwelkemna4275
    @fomuwelkemna4275 5 ปีที่แล้ว +1

    Thanks buddy, helped me a lot! :)

  • @jessecorbett3751
    @jessecorbett3751 3 ปีที่แล้ว

    Thank you so much! I liked and subbed!

  • @perrybarnacle
    @perrybarnacle 3 ปีที่แล้ว

    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.

  • @mercychavula7139
    @mercychavula7139 9 หลายเดือนก่อน

    Thank you sir.

  • @bokangmodiane6348
    @bokangmodiane6348 3 ปีที่แล้ว

    Well understood. 🙌

  • @luanpersini
    @luanpersini 6 ปีที่แล้ว

    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.

  • @东方不败-e9e
    @东方不败-e9e 3 ปีที่แล้ว +1

    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.

  • @fasya6910
    @fasya6910 5 ปีที่แล้ว +1

    Thank god theres English one here , I’ve been searching and all I can find are Hindi languange , and their accent godd 😭

    • @asfahsabrie6207
      @asfahsabrie6207 5 ปีที่แล้ว

      😂😂😂😂🤭✋🤭✋✋

  • @sadeepabalasooriya5414
    @sadeepabalasooriya5414 6 ปีที่แล้ว

    you are a life saver !!

    • @Edspira
      @Edspira  6 ปีที่แล้ว

      Thanks Sadeepa!

  • @yawlexgh4492
    @yawlexgh4492 2 หลายเดือนก่อน

    Thank you

  • @jaskalotia9558
    @jaskalotia9558 2 ปีที่แล้ว

    this was very helpfull

  • @acc.amermousa6803
    @acc.amermousa6803 2 ปีที่แล้ว +1

    I would like to thank you for your support

    • @Edspira
      @Edspira  2 ปีที่แล้ว

      No problem my friend!

  • @annepandesal
    @annepandesal 7 หลายเดือนก่อน

    thank you!

  • @ThePorschefan
    @ThePorschefan 4 ปีที่แล้ว

    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

  • @simonribas4625
    @simonribas4625 3 ปีที่แล้ว +1

    thank you :)

  • @mez6809
    @mez6809 2 ปีที่แล้ว

    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?

  • @financialanalyst1963
    @financialanalyst1963 9 ปีที่แล้ว +3

    Good Elaboration .............

    • @Edspira
      @Edspira  9 ปีที่แล้ว +1

      Thanks!

  • @ThePsychoGamerYT
    @ThePsychoGamerYT ปีที่แล้ว

    Came clutch right before a exam