Introduction and Materials
- What is costing?
- Framework
- Classification and coding
- Purchasing, reception and storage
- Stock recording and inventory control
- Pricing issues and stock
Labour and Overheads
- Remuneration methods
- Recording, costing and allied procedures
- Overheads
- Cost accounts
Costing Methods
- Introduction
- Job and batch
- Contract
- Operation and service
- Process
- Joint and by-product
Planning, Control and Decision Making
- Cost behaviour
- Marginal and absorption costing
- Short run decision making
- B E analysis
- Capital investment appraisal
Budgets & Standards
- Budgets
- Introduction to standards
- Material, labour and overhead variances
- Sales and standard marginal costs variances
- Activity-based costing
Example Candidate Response Booklet
Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).
