Relevant Costs | Relevant Costing Principles | Decision Making | CMA | ACCA | Commerce Specialist |

This video from Commerce Specialist explains the Principles of Relevant Costing.
Detailed discussion is done on what are Relevant Costs, what are Sunk Costs, what are Future Incremental Costs, what are the costs which are relevant to a particular decision, what are irrelevant costs. Explanation is also given for Relevant Costs for Material, Relevant Costs for Labor and Relevant Costs for Overheads.
This video is relevant for students of CMA, ACCA, CA, CIMA, B.Com & MBA,
and also very relevant for those who are working as Management Accountants or Cost Accountants.
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[@hajju3972]

Don't judge a class by its thumbnail...❤❤..thank you sir ...its very helpful to me

[@CommerceSpecialist]

Thx dear

[@chandajere9586]

Well explained, thank you so much.

[@de-kingstutor]

This is powerful

[@haneenhaseeb7319]

Thanks a Bunch . Master 🙏

[@javeriazahra123]

"Your explanation of the topic was clear and concise. Thanks to you, I now have a thorough understanding of it."

[@AmoyDey]

So perfectly 👌👌

[@ndapandahilja]

very experienced

[@Muthu081982]

Thanks sir

[@smithkaupa2299]

I always love attending your best lectures

[@CommerceSpecialist]

Thx smith🙏👍

[@karanyadav852]

Watching your videos are always worthy

[@CommerceSpecialist]

Thanks Karan😊👍

[@danielmugadza8426]

well explained

[@abdulrakeeb8667]

One of the best teacher i have ever seen

[@CommerceSpecialist]

Thanks my dear😊🙏👍

[@NadiaNadia-gz2fu]

amazing

[@Suhailksa]

Thank you so much sir! this lectures are very helpful

[@CommerceSpecialist]

Thx Ali🙏

[@noentitybutgodhaqqiyulqadi6455]

Masha Allah ❤❤ Powerful knowledge and experience delivers impacted teaching... 🎉🎉

[@justinunderwood486]

very powerful

[@Corneli10077]

This is wonderful 🎉🎉

[@CommerceSpecialist]

Thanks🙏👍

[@tatamovatsiniaina1172]

Thank you so much Sir, you saved me, my lecturer never explained me like this .

[@CommerceSpecialist]

😊🙏👍

[@luckysingh3328]

Thank you so much sir for this video ♥️♥️♥️

[@CommerceSpecialist]

Ur welcome dear

[@malimasuuka2220]

You are such an amazing lecturer. Kindly go back to BEP on how we can plot data on the graph.please

[@futuregoals6718]

Excellent explanation

[@CommerceSpecialist]

Thanks dear

[@gurjotkaur1999]

Thank you so much sir for this content 😀

[@CommerceSpecialist]

You are most welcome👍

[@user-yl8kn2wi1q]

Jazakallah sir , You helped me alot

[@CommerceSpecialist]

🙏👍❤️

[@cristianpopa5394]

thank you sir

[@CommerceSpecialist]

Thx dear🙏👍

[@komalll139]

Thank you sir😊

[@CommerceSpecialist]

Thanks🙏😊👍

[@nicetoseeuguys]

good

[@nirmalamahadevan304]

Sir I am a fellow member of erstwhile ICwA. Now "CMA. I am appreciating you sincerely your style of teaching.thanks sir

[@CommerceSpecialist]

You are welcome🙏😊👍

[@user-yo5ju2yi8x]

Sir please post relevant difficult question

[@RICKYBAJWA1]

As ususal, very well explained. Thank you sir. Just one request, for future video's, could you please check your camera settings, as it seems the camera keeps trying to continuously re-focus resulting in blurring of the whiteboard text. Thank you : )

[@CommerceSpecialist]

Sure, but im an amatuer in shooting😊

[@raahimnadeem4593]

It was very helpful but when to take the opportunity cost?

[@pirmuhammadshah3987]

❤❤❤❤

[@CommerceSpecialist]

🙏👍

[@mdanis5913]

Subscribe done from Bangladesh

[@CommerceSpecialist]

Thanks a lot dear

[@vishvanthvishva]

Sir i can't understand the higher of of 1200 and 1500. Can u plz explain it for me?

[@riddyhaz7858]

Hi nice presentation sir I had a question regarding idle time. If the idle time was due to machine breakdown would you still have to pay the workers for them hours. It says the idle time was due to contract cancellation so it’s the fault of the client. However, if the fault lies with the employer are they obliged to still pay for those inactive hours

[@CommerceSpecialist]

Yes

[@sankarpaul2688]

<a href="#" class="seekto" data-time="19">00:19</a>:00

[@prathmeshjoshi3628]

If we asked to quote for minimum price then some says take the break even cost and don't add profit

[@CommerceSpecialist]

No, its always the variable cost

[@nasrinsbr594muhammed6]

sir is labour cost of skilled labour is relevant?bcoz we nywys need to pay them either in this job or the other..

[@CommerceSpecialist]

Depends upon capacity

[@kaycee7951]

Please do an explanation of complex high and low method questions And pricing decisions please 🥲

[@CommerceSpecialist]

Sure

[@AbdulRahman-ly6yx]

Hi sir one doubt, suppose for house A rent is 200 dollars and for B it is 100 dollars, will that extra 100 dollars be relevant? Can you please explain what is mark up , and difference between mark up and profit?

[@CommerceSpecialist]

Yes its called differential cost, watch my video on Mark Up n Margin🙏👍

[@tamiratwana3455]

10q mrs am from Ethiopia

[@CommerceSpecialist]

🙏

[@engganoanwar9374]

Thank you sir.... The way you explain is good.... Unfortunately we can't follow detail since you use whiteboard with hand writing instead using spreadsheet..😮😅😅😮😮😊

[@CommerceSpecialist]

Will try to write clear dear

[@abubakarrsesay2511]

Material A: Appler needs 500kg of Material for the compound but has 200kg in stock at present. The stock items were bought 3 months ago for £5 kg but have suffered 10% Shrinkage since that date. Material A is not regularly used in the business and would have to be disposed of at a cost to Appler of 400 in total The current purchase price of Material A is £6.25 kg. What is the relevant cost?

[@martinchiwaranangatidza2039]

Your question not clear, The disposal cost is too high, there by causing a negative relevant costing value? If correct, you need to buy 320 more kgs at a cost of £6.25, less the disposal cost of 200kgs in stock already.

[@Victus-os4dj]

This video is for CMA part 2 right???

[@CommerceSpecialist]

Both

[@juliustemba7609]

Suppose 10,000 is scrap value, how can treat it

[@CommerceSpecialist]

Thn ul have to look at alternative use

[@Natasha-xv5le]

Why do you need to buy $300 of material C if we only have 700 in stock and not in regular use

[@MaboshabaneLegodi]

We need pthem for the proposed contract