Product Costing
Accounting · 5th Year · Introduction to Management Accounting · 5.º Período

Product Costing

Allocating and apportioning overheads to determine the total cost of a product or service.

NCCA Curriculum SpecificationsNCCA Leaving Certificate Accounting Syllabus, Section 2: Management Accounting - Costing (Product costing)NCCA Leaving Certificate Accounting Syllabus, Section 2: Management Accounting - Costing (Allocation and apportionment of overheads)

About This Topic

Allocating and apportioning overheads to determine the total cost of a product or service.

Key Questions

  1. How are direct and indirect costs assigned to products?
  2. What are the bases for apportioning overheads?
  3. How is an overhead absorption rate calculated?

More in Introduction to Management Accounting

Cost Classification and Behaviour

Identifying different types of costs and understanding how they behave with changes in activity levels.

2 methodologies

Marginal Costing

Using marginal costing techniques for break-even analysis and short-term decision making.

2 methodologies