Page 15 - CIMA OCS Workbook February 2019 - Day 1 Tasks
P. 15

Chapter 4




                  MANAGEMENT ACCOUNTING (P1)


                  FAMILIARISATION










                  1   COSTING


                  EXERCISE 1 (A) - COSTING METHODS



                   Question                          Response
                   Does Trigg Adventure operate a
                   marginal costing system or
                   absorption costing?



                   Is labour considered to be a
                   variable cost or a fixed cost?




                   How are overheads absorbed?





                   How useful would it be for Trigg to
                   switch to absorption costing (TAC)?
















                  KAPLAN PUBLISHING                                                                    11
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