AFM: Concepts and Practice · Part D: Taxation and Fundamentals of Costing

Chapter 22: Cost and management accounting; costing methods

What a product or a service really costs, how overheads reach it, and how each kind of business finds its cost.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 22.1Costing: the basicsp. 297
• 22.2The cost sheetp. 298
• 22.3Absorbing overheadsp. 299
• 22.4Process costingp. 300
• 22.5Other methods; ABCp. 301
• Exam traps and quick checksp. 302
• Practice: 16 questions in three roundsp. 303
• Answers, with every wrong option explainedp. 305
• Make it stickp. 307
• Chapter 22 on one pagep. 308

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.