All about Absorption Costing
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Normal Production Levels Under FAS 151
Romina, Member
FAS 151 says judgment needs to be used to determine inventory costs under absorption costing. Could you please tell me how would you determine "normal production levels"? Thanks....
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Standarding Cost
EriChan, Student (MBA), China, Member Focus on standard cost with absorption costing.... |
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Normal Production Level
Benhoumeur Normal production level is a short term concept. For a period, say a year, it can be determined using the average of the two or three years project... |
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Fixed Costs Should not Be in Inventory Cost
Jagdish B Acharya, Consultant, India, Premium Member Overheads and fixed costs pose a big problem for allocation to inventory. By using the wrong formulas we end up having more problems from this inclusi... |
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Variable Costing
Benhoumeur If fixed costs are considered periodical cost. That is, they are written off during the accounting period; then we will be using "variable costing". I... |
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Special Interest Group Leader
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Absorption Costing
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