Theory refresher
Taught by Robert Cook · AI tutor support included
You’ll refresh the key costing concepts for the CGMA 10/10 exam and understand why this core activity can contribute 12–18% of your marks. The lesson compares Absorption Costing and marginal costing, explains when Activity-Based Costing (ABC) may be appropriate, and introduces digital costing systems.
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In this lesson
- 0:00 Costing Core Activity Overview
- 0:52 Current Absorption Costing System
- 4:00 Absorption Versus Marginal Costing
- 5:52 Activity Based Costing Decision
- 8:48 Digital Costing Systems
- 10:14 Quality Costing Categories
- 14:59 Environmental Costing Categories
- 19:07 Exam Priorities And Digital Objects
About this lesson
You’ll also learn how to apply quality costing and environmental costing using prevention, appraisal, internal failure and external failure costs. The video highlights exam-style requirements, practical examples for Tendra Tents, relevant sustainability KPIs, and further areas to revise, including the CGMA cost transformation model and costing a digital product or app.
Duration: 21m
Transcript
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