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 3

Long Term Decision Making

LESSON

Discount Factors Table

Worked Example

Model Answer

Exercise 1

Model Answer

Exercise 2

Model Answer

Exercise 3

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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