In this video I am going to break this complicated topic down into simple terms starting off with absorption costing so whether you currently work in finance or you are looking to work in finance this video will help you to understand this in the most simplest of terms.
Here I walk you through what absorption costing is and how this differs to marginal costing and apportion costing as well as the difference between direct costs and indirect costs as well as why we have another based costing called activity based costing which we will look at in the next video.
This is the first video of a full playlist around absorption costs and management accounting so make sure to smash the like button and subscribe for more.