ZIMSEC A-Level Accounting
3.3Marginal Costing
Marginal Costing in ZIMSEC A-Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic91 practice questions4 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 3.3.1Value inventory using marginal costing, calculate contribution and prepare marginal profit statements.
- 3.3.2Explain the differences between marginal and absorption costing and reconcile the profits calculated by the two methods.
- 3.3.3Calculate and interpret the margin of safety and use the contribution to sales ratio to find profits or losses at various activity levels.
- 3.3.4Apply marginal costing and cost-volume-profit analysis to short-run tactical or operational decisions.
Lessons
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Break-even analysis and cost-volume-profit calculations
60 min
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Marginal against absorption costing: reconciling the profits
55 min
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Marginal costing: contribution and profit statements
50 min
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Short-run decisions and cost-volume-profit data
60 min
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Sample question
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