No video

3 Ways to Allocate Costs to Multiple Support Departments (Direct, Step-down, and Reciprocal methods)

  Рет қаралды 104,204

Edspira

Edspira

Күн бұрын

This video discusses three different ways to allocate the costs of multiple support departments when the support departments provide services to each other. The key question is how to treat the costs of services that the support departments provide to each other. The Direct Method does not allocate any of these costs, the Step-down Method allocates some of these costs, and the Reciprocal Method allocates all of these costs.
-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
-
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* eepurl.com/dIaa5z
-
SUPPORT EDSPIRA ON PATREON
* / prof_mclaughlin
-
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* edspira.thinki...
-
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: podcasts.apple...
* Spotify: open.spotify.c...
* Website: www.edspira.co...
-
GET TAX TIPS ON TIKTOK
* / prof_mclaughlin
-
ACCESS INDEX OF VIDEOS
* www.edspira.co...
-
CONNECT WITH EDSPIRA
* Facebook: / edspira
* Instagram: / edspiradotcom
* LinkedIn: / edspira
-
CONNECT WITH MICHAEL
* Twitter: / prof_mclaughlin
* LinkedIn: / prof-michael-mclaughlin
-
ABOUT EDSPIRA AND ITS CREATOR
* www.edspira.co...
* michaelmclaugh...

Пікірлер: 22
@calumharris7574
@calumharris7574 6 жыл бұрын
Thanks. Somehow my prof managed to make this super complicated.
@Edspira
@Edspira 6 жыл бұрын
No problem. Thanks for watching Calum!
@melissalopez-davila655
@melissalopez-davila655 4 жыл бұрын
I think this guy teaches better than my professor thank you Edspira!!!
@depressedterrestrial6821
@depressedterrestrial6821 6 жыл бұрын
Instead of teaching, my professor shows your videos. Thanks for being an actual instructor, I guess.
@brendanpeake4302
@brendanpeake4302 5 жыл бұрын
LOL
@niharraval7682
@niharraval7682 8 ай бұрын
Thank you so much professor, I came across this and I have my exam in a week. Thank you very much, this helped me a lot! Please keep up the great videos!
@RVC0902
@RVC0902 2 жыл бұрын
thank you so much. I'm doing a cost accounting class without lectures so these videos really help to explain the concepts.
@Edspira
@Edspira 2 жыл бұрын
You're very welcome!
@ritikjassal649
@ritikjassal649 4 жыл бұрын
YOU'RE THE BEST I NEVER STUDY THE WHOLE SEMESTER AND GUESS WHAT I STILL MANAGE TO GET A CREDIT STUDYING 2 DAYS BEFORE THE EXAMS ALL CREDIT GOES TO YOU.
@MyFinancialFocus
@MyFinancialFocus 2 жыл бұрын
Interesting. Super cool to see the application of the different methods.
@pavanicolombage500
@pavanicolombage500 3 жыл бұрын
Thank you professor. You just simplify the complicated stuffs into simple learning. Could you please tell me in a situation where cost allocated for each department is not given, only the no. of hours allocated for the department given., how to calculate the departmental OH rate? Isn't it similar to plant wide OH rate?
@sudaishussain5041
@sudaishussain5041 5 жыл бұрын
You've just saved my ass, you are a man sculptured from greatness
@tayloraitken1095
@tayloraitken1095 5 жыл бұрын
Thank you so much! I was very confused by my Prof's explanation
@maggieq7697
@maggieq7697 Ай бұрын
Thank you.
@fatimahassan7273
@fatimahassan7273 7 жыл бұрын
Very clear explanation thank u soo much sir
@kristenmawbey8831
@kristenmawbey8831 5 жыл бұрын
This video helped me heaps! thank you so much!
@USbachelor
@USbachelor 4 жыл бұрын
Helped with CMA exam
@PROLEGEND13
@PROLEGEND13 3 жыл бұрын
did you pass???
@youssefvgy
@youssefvgy 4 жыл бұрын
Very helpful , thank you very much
@WolveriX100
@WolveriX100 5 жыл бұрын
Thank you
@astroanna123
@astroanna123 5 жыл бұрын
thanks!
@Saverick1985
@Saverick1985 3 жыл бұрын
Something happened with the video. you can not read anything it's like a tunning vhs tape :/
Пройди игру и получи 5 чупа-чупсов (2024)
00:49
Екатерина Ковалева
Рет қаралды 3,8 МЛН
ROLLING DOWN
00:20
Natan por Aí
Рет қаралды 10 МЛН
Вы чего бл….🤣🤣🙏🏽🙏🏽🙏🏽
00:18
What is Cost Allocation? Definition & Process
8:35
FloQast
Рет қаралды 35 М.
AWS re:Invent 2020: Cost allocation best practices
26:40
AWS Events
Рет қаралды 8 М.
Step Down Method for Allocating Support Costs
7:31
Edspira
Рет қаралды 118 М.
Journal Entries Hacks 🧐. Two Methods to NEVER forget Debits and Credits
15:55
The Financial Controller
Рет қаралды 146 М.
Cost Per Equivalent Unit (weighted average method)
12:20
Edspira
Рет қаралды 383 М.
One of the Greatest Speeches Ever | Steve Jobs
10:31
Motivation Ark
Рет қаралды 34 МЛН
How to BUILD a High-Performing Team in 2024 l 4 Types of Team Members
14:14
Пройди игру и получи 5 чупа-чупсов (2024)
00:49
Екатерина Ковалева
Рет қаралды 3,8 МЛН