Costs & Revenues Exam help!

kelove1

I failed Costs & Revenues today and I'm struggling with breakeven and marginal costings, can anyone help me to remember how to calculate these please? There seems to be so many different ways to calculate it and I get a different question asking it another way which confuses me even more, please help!

Also equivalent units has got me too

PeterC

For breakeven and marginal costing, have a look at the notes on short-term decisions in the Encyclopaedia of Accounting http://www.meadowgatetraining.co.uk/resources/Short-term+decisions.pdf

rakeshsuwal

breakeven= total fixed cost(plus profit)/contribution. Note: Plus profit if you want to calculate with profit added.

rakeshsuwal

what specific you want to know about marginal costing, all of it?

kelove1

Thanks I was stuck with marginal costing as calculations I've been given were complicated but doing question practice has helped