This video explains the process of activity-based costing. Using an example to illustrate the process, this video shows how to identify cost pools, assign costs to the costs pools in the first stage allocation, and calculate activity rates.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael’s life is to increase access to education so all people can achieve their dreams. To learn more about Michael’s story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
Tweets by Prof_McLaughlin
source
Thank You, Sir.
I know you get praise all the time from many greatful viewers, but I just wanted to add my voice (or words 🙈) and give you a massive thanks for this video. Really struggling with this until I found your video. Greetings from the UK 🇬🇧👊🏼
We have been asked to solve a similar question and don't know how to approach it can you help please? Send me your email so I forward the question to you please.
Sir, I can't express it in words how grateful I am to you! Thank you so much!
Really helpful!
You are so great, thank you for all that you do.
I just realized my teacher literally skipped like 10 of these topics and shoved a practice test in our faces.
Really made that very clear. Thanks. Your videos are always excellent!
my appreciation for those huge efforts
what software/equipment do you use for lectures?
Excellent video!!!!
i just wanted to say. you dont know how much you are helping ppl who are struggling in accounting problems. the way you explaining is very understandable and applicable. thank you sooo much.
Hi, thank you for this. Would you say that ABC is equivalent to Job Order Costing with multiple allocation bases for each cost centre? Thx again, appreciated a lot the video.
youtube, and mobile apps make studying for the CPA easy. your videos are awesome. much better than I remember college. God bless you.
So helpful, you are a legend
Such a good series – short and sweet and to the point! Helps me connect all the dots learned from school. Thank you so much!
Great videos! 🙂 I just noticed that in the Manag. acc. playlist they are not in sequence, like ABC 2 is before ABC 1 and some theory concepts are at the end of the list. Anyway, thanks a lot for those clear explanations. Cheers!
SKATE SHOPS!
THIS VIDEO IS GREAT. So helpful. Thank you so much.
Hi! Great video!! Very helpful. Can you help me understand the concept of the costing/activity hierarchy? Find it difficult to grasp what the point is…
You're the best! ^_^
Omg u are the boss, u just helped so much,are u teacher by the way right ?
great video…. it helped a lot
Nice basic
Always watch these videos before exams/quizzes for review.. They do a great job at summing up all the ideas that accounting textbooks throw at us. Plus it doesnt hurt that cost accounting is pretty fun!