Absorption vs. Contribution Approach using Income Statements (Cost Accounting Tutorial #34)

[@BalageeJayakumar]

This is the best video i ever seen! I am from India worked for an India CA for 3 years, and i am working for a US CPA as an Enrolled agent. For so many years, i try to clarify - MOH - fixed and variable why both sitting as COGS in US, wherein in India, when i studied i studied with the logic, variable and fixed. This video opened my brain valves ever bigger. It allowed me to visualize all my past experience in a different way now. I am sitting for CPA exam soon,. Thanks!

[@sarahclarke7882]

I just spent an hour reading trying to figure this out... aaaand this video made it crystal clear in 10 mins! You guys are awesome!!

[@grisvolonte]

Thank you so much!!!! I've watched several videos now and couldn't get it until I watched yours!

[@vivian6688]

Perfect for last minute revisions

[@ZufashPlaytime]

Just brilliant,,, I really Love it... Your are indeed a great teacher

[@mesigemechu8470]

May GOD BLESS YOU❤❤❤

[@MonsterFishCraze]

You're a life saver! Thank you so much!!!

[@prithviraj1080]

Thanks for this. It is crystal clear.

[@kemotsimoyo8874]

Thanks,, Good video

[@kingbobo4801]

Thanks I appreciate it.

[@eialsamo]

thanks!

[@kingbobo4801]

Stupid question, what are you using as a tool for the background. Great presentation.

[@adarshcharanpahari]

thanks.

[@mohafzal2790]

Aren’t you supposed to adjust GP for under/over adsorption ? Through a pre determined Overhead Absorbtion Rate ?

[@waficharb2664]

Dave man I have a question please, do you know where can I find Info about : Segmented Income Statement and the Contribution Approach  Traceable and Common Fixed Costs and the Segment Margin  Identifying Traceable Fixed Costs  Traceable Costs Can Become Common Costs  Segmented Income Statements- An Example  Levels of Segmented Income Statements  Segmented Income Statement and Decision Making ? Thank Man sorry for bothering you

[@GUDDAisHere]

Dave please confirm, Contribution Approach is also called Variable Costing Method?

[@GUDDAisHere]

Justin Konidis Thanks, thats what i thought. it makes sense too