Management Accounting: Costing

AAT Level 3
Session 1

Cost Classification and Ordering and Issuing Inventory

 

LESSON

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High Low Technique

 

Exercise 1

Model Answer

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Ordering Inventory

 

Exercise 1

Model Answer

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Economic Order Quantity

 

Exercise 1

Model Answer

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FIFO, LIFO and AVCO

 

Worked Example

Model Answer

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Exercise 1

Model Answer

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Exercise 2

Model Answer

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Exercise 3

Model Answer

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Session 2

Short Term Decision Making

 

LESSON

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Contribution, Break Even and Margin of Safety

 

Exercise

Model Answer

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Contribution Sales Ratio

 

Exercise

Model Answer

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Limiting Factor Analysis

 

Exercise

Model Answer

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Relevant and Irrelevant Costs and Special Orders

 

Exercise

Model Answer

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Recap
Limiting Factor Analysis

 

Recap Exercise

Model Answer

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Session 4

Cost Allocation and Apportionment

 

​LESSON

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Bases of Apportionment

 

Exercises

Model Answers

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Overhead Allocation or Apportionment

 

Exercises

Model Answers

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Overhead Allocation and Apportionment

 

Exercises

Model Answers

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Additional Exercises

Model Answers

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Session 5

Absorption Costing, Budgets and Variance Analysis

 

​LESSON

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Budgeted Overhead Absorption Rates

 

Worked Example

Model Answer

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Exercise 1

Model Answer

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Absorption Costing

 

Exercises 1 and 2

Model Answer

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Allocation, Apportionment and Absorption

 

Exercise 1

Model Answer

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Exercise 2

Model Answer

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Variance Analysis

 

Class Exercise

Model Answer

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Flexed Budgets

 

Worked Example

Model Answer

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Exercise 1

Model Answer

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Session 6

Bookkeeping for Cost Accounting/ Process Costing

 

LESSON

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Bookkeeping for Cost Accounting

 

Exam Format Exercise 1

Model Answer

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Exam Format Exercise 2

Model Answer

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Process Costing

 

Worked Example

Model Answer

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Exercise 1

Model Answer

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Exercise 2

Model Answer

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Exercise 3

Model Answer

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Recap
End of Unit Quiz

 

​Quiz (with Answers)

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Session 7

Management Accounting: Costing Revision 1

Osborne Books Management Accounting: Costing Practice Assessment 1

 

Practice Assessment

Model Answer

Paul's Annotated Model Answer

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AAT Management Accounting: Costing Sample Assessment 1

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Paul's Annotated Model Answer

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Session 8

Management Accounting: Costing Revision 2

Osborne Books Management Accounting: Costing Practice Assessment 2

 

Practice Assessment

Model Answer

Paul's Annotated Model Answer

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AAT Management Accounting: Costing Sample Assessment 2

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Paul's Annotated Model Answer

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