Transcription of P1 Performance Operations Revision Summaries
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1 P1 Revision Summaries CIMA Operational Level Paper P1 Performance Operations ( Revision Summaries ) Chapter Topic Page Number 1 Classification of costs and mathematics for budgets 3 2 Advanced mathematics for budgets 7 3 Absorption, marginal and activity based costing 13 4 Standard costing and variance analysis 19 5 Modern manufacturing methods 29 6 Environmental cost accounting 33 7 Mathematical techniques for decision-making 37 8 Investment appraisal 39 9 Asset replacement theory 43 10 Working capital 45 11 Managing inventories 49 12 Managing trade receivables and payables 55 13 Cash flow forecas
5 P1 revision summaries • Indirect overhead or fixed cost is a cost which cannot be easily identified or related to a cost per unit or activity level. Examples include a factory supervisor ˇs salary or factory rent and rates. • Semi-variable cost is a cost containing both fixed and variable components and thus partly affected by a change in the level of …
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