Your work is better then any youtuber, you are better then my class teacher, keep uploading such topics Very grateful to know about about this channel
@Counttuts
4 жыл бұрын
Thank you for the kind comment Yaseen :).
@georgephilip1966
3 жыл бұрын
@@Counttuts For over and under absorption, why didn't we consider the variable cost of r 35?
@boitumelobonginkosikunene3547
2 жыл бұрын
A whole semester struggle cleared in 32 minutes🤯...your videos always blow my mind...and still, I don't expect anything less everytime I come back for more💯👍. Thank you, you've really helped me.
@kijeannie4317
3 жыл бұрын
This really helped me understand marginal and absorption costing.... I had a mental block for years until now. Wonderfully explained .... such clarity.
@ambrosemutai5463
2 жыл бұрын
This is one of the best explanations for costing and has helped me understand absorption and marginal costing so well
@marcleven8477
4 жыл бұрын
very well explained you are doing a better job than my uni lecturers thanks a lot keep up the good work!
@katrinaaliviza457
4 жыл бұрын
I had a really hard time understanding this concept. I've watched a lot of videos read a lot and still nothing. But earlier today my friend shared this link. I'm so excited I can answer a question blindfolded 😂. Thank you so much for amaizing work sir.
@Counttuts
4 жыл бұрын
Hello Katrina, glad that it helped. Thanks for the kind feedback.
@karabobusang1942
Жыл бұрын
You are Simply Amazing, you are literally my Lecturer for Management Accounting hey 🤞🏽❤️❤️. Please continue doing such amazing work 🙏🏻
@muigaisarah5342
4 жыл бұрын
u've saved lots of students , thanks a lot
@Counttuts
4 жыл бұрын
You are welcome. Thank you for the kind feedback.
@boitumelomokotong4861
2 жыл бұрын
This was very informative. I enjoyed it and it has helped me tremendously👏🔥. God bless you.
@maryamadekunle6732
2 ай бұрын
This is amazing I am a tutor and I can say I understand it way better. Thank you for breaking this in the best possible way.
@ajithkumarrj8545
Жыл бұрын
After searching lots of classes Finally I found ur channel for this topic . Amazing explain all the concepts.tq soo much sir ❤️
@tonykiprop5802
3 жыл бұрын
Thank you Counttuts for the explainer videos. You really help us to be more efficient instead of searching all over for such good content. You are making a difference, Appreciated!
@daia8404
4 жыл бұрын
Thank you so much!!! I understand this more than I ever did in college
@tatisammy9169
4 жыл бұрын
How did you teach me 2 2hr classes in 32 mins thank you
@aphiwembande8661
Жыл бұрын
Haven't even watched this but I've already liked cause I know I know it will be fire
@darkknight6574
2 жыл бұрын
Can't believe how much helpful this video is. Thank-you so much!
@RsWePVM
4 жыл бұрын
Thank you sir, crisp and clear. Much better than how my teacher in college is doing.
@Counttuts
4 жыл бұрын
Thank you for the kind feedback.
@jiyaa8462
11 ай бұрын
Thank you so much, you're literally a life saver, having my finals tmrw, this really helped!
@mariaindilileinge8761
2 жыл бұрын
I really had a block mind on this but cleared , thank you very much sir keep uploading such topics.
@shantelhalley6976
2 жыл бұрын
Always dislike this topic but u made it simple... great job
@barbaraedith4111
4 жыл бұрын
You are such a wonderful Teacher/tutor. You are a star. I understand a lot from your video better than reading any book. Excellent. Do you have any other accounting videos? please upload more.
@Counttuts
4 жыл бұрын
Thank you Barbara, you can visit our channel for all accounting videos, and more to come.
@esaubanda
4 жыл бұрын
Immensely elated! This is incredible! I appreciate. You deserve my utmost attention. Keep it up. More blessings on you, great work, awesome!! Thanks
@luckyboyprins8456
Жыл бұрын
lectures give us hard times of learning , i thank god i found you sir 🎉🎊
@hasvinvictor7146
3 жыл бұрын
Best video to watch on absorption and marginal costing!!! Thank you so much @counttuts
@ShaggyGriff96
2 жыл бұрын
thank you for taking the time to do this, my understanding is now much clearer :)
@davidgarvin2281
4 жыл бұрын
Thank you for explaining this topic thoroughly, you have been very helpful.
@ThomasSheriff21Chindende
9 ай бұрын
the best ever explanations
@sharnyn7322
3 жыл бұрын
I cannot thank you enough for this video!!!
@charitytheko8116
3 жыл бұрын
Wow... everything makes sense now..Thank you counttut 😁
@lisanaindjala2278
3 жыл бұрын
Thank you so much sir for teaching me this😭I’m truly grateful and you are a great lecturer!
@chiposvubure7150
4 жыл бұрын
Thank you so much 🤝 Your are a good lecturer
@chiposvubure7150
4 жыл бұрын
I am looking for more videos for MAC2601 i can't find them 😢
@MrsObiako
Жыл бұрын
Thank you Sir... I have truly understood this, especially how to treat over/under absorption cost...
@alexwhelan981
2 жыл бұрын
Thank you very much. Very informative and helped me prepare for an interview. Keep up the good work!
@wilkajohannes1003
3 жыл бұрын
You are a life saver sir. Please continue doing this.
@madalitsombewe9948
3 жыл бұрын
Love your teaching (simply simple and clear )
@walterbigblue
3 жыл бұрын
You stated that over absorption of overheads is deducted from the P&L and under absorption is added to the P&L. My understanding is that it should be the other way around. Under absorption of overheads are deducted from the P&L while over absorptions are added thus increasing gross profit.
@Counttuts
3 жыл бұрын
That would be incorrect actually. Follow our explanation in the lesson again to understand.
@straightouttamatrix
3 жыл бұрын
This was more than i was looking for and in a best way possible. Really appreciate the effort SIR. Thanks alot🙏🏻
@fredrick_mwaura
2 жыл бұрын
This is very well articulated. Keep up the good job.
@becomingCA-SA
2 жыл бұрын
you definitely got a subscriber by the wat you explained this 💯
@deepakkrishnakb
4 жыл бұрын
Simple and nice explanation,thanks alot
@JanetMong
4 ай бұрын
Thankyou so much! Well explained
@tiff8831
8 ай бұрын
This was very helpful. Thanks sir
@smartmgbachi9173
4 жыл бұрын
if i dont comment i must be selfish. thank you so much for breaking down this topic. God bless you
@Counttuts
4 жыл бұрын
Thank you :) Blessings
@ropafadzochivizhe4561
2 жыл бұрын
Thank u for the presentation it really helped me especially absorption costing
@sophielalalification
2 жыл бұрын
Simple, clear and straight to the point! Thank you!
@mohamedfaisal4123
8 ай бұрын
Top notch explanation.
@praisemutoko3175
4 жыл бұрын
Thank you soo much, that was worthwhile. Now i am confident that i understand
@Counttuts
4 жыл бұрын
You are welcome :)
@chandajere9586
2 жыл бұрын
This is very clear and concise.Thank you so much
@baloonram4959
3 жыл бұрын
That was a very good explanation, now i am ready for exams, thank you sir :D
@alenigodwin560
Жыл бұрын
U explained well brother thank you i wish we would get more examples with opening inventory
@lovehurtswhenattached92
2 жыл бұрын
Thanks highly appreciated explanations on point and format easy for anyone to understand 👍 😀
@katienelson8163
4 ай бұрын
thank you so much! this really helped me
@MultiSinovuyo
6 ай бұрын
Thank you for this video, made such a big difference
@ryan4314
4 жыл бұрын
u saved my life thank you
@ronaharnischleinitz6335
4 жыл бұрын
Thanks alot, was much of help.
@huisinyii4353
Жыл бұрын
i was wondering why when there is higher closing stock = profit will be higher when using absorption costing, and your example easily let me understand how it works. Thank you!
@neonmuzik8979
3 жыл бұрын
thanks sir, I think this made up my preparation of an exam I ama bout have! thx again
@nonkululekohlatshwayo8164
Жыл бұрын
Sir. You are simply the best
@biandaful
4 жыл бұрын
Well explained!!!!
@symplytomi5178
3 жыл бұрын
God bless you,you are a great lecturer!!!!
@chaly839
3 жыл бұрын
Good lecture thank you so much. there is no problem with the way you have treated over/under absorption, my issue is on the part where you said when there is an increase in opening or closing inventory then the creation of overe/under absorption, my thinking is instead of increase in opening and closing let it be the difference between the budgeted production and the actual production.
@Dan-vk7jc
2 жыл бұрын
Thanks so much assisted me so much!
@louisebowa6032
2 жыл бұрын
This was really helpful, thank you very much🙏🏾
@RealHesk
3 жыл бұрын
Thanks alot for your service. You've helped me
@izzyokafor8888
2 жыл бұрын
Keep up the good work watching from Nigeria. Can we also suggest topics for you to teach?
@musondamulenga9306
4 жыл бұрын
thanks a lot ,great explanation!
@Counttuts
4 жыл бұрын
You are welcome, and thank you Musonda.
@kudsiamow3441
4 жыл бұрын
Thanks a lot for explaining in details! ♥
@patricklikalamu8264
8 ай бұрын
this is very helpful
@akankshathooti
4 жыл бұрын
Thanks sir grt explanation
@Counttuts
4 жыл бұрын
Thank you. You are welcome.
@mbasalamla7533
2 жыл бұрын
wow 🙌🙌🙌 thank you Mr for you help now I understand clearly
@Ruth-Mocheche
4 жыл бұрын
nice lecture. big ups
@yerroa.jallow4452
2 жыл бұрын
thank you for the video, its really helpful.
@0dawisdom478
3 жыл бұрын
Under and over absorbed use to confuse me, now im fine thnx
@paysonobi6548
2 жыл бұрын
I enjoyed your teaching
@lucianakale1132
Жыл бұрын
Woow…….I don’t know how to thank you, I was wondering how am gonna face my exams next week
@mulisamulovhedzi262
3 жыл бұрын
Best explanatory video 🥂
@danisabaloyi608
3 жыл бұрын
Thank You, your work is amazing
@aliakim1934
11 ай бұрын
May you please upload target costing and life cycle costing
@danielokere3624
3 жыл бұрын
Please sir how do u know when to apply the absorbed overhead formula I'm a bit confused 😔
@mikanyay
Жыл бұрын
Thank you 😊
@ntcuong01ct1
4 жыл бұрын
Dear Friends, I have a question: I want to setup Absorption costing of a product in year 2020. Next, I want to compare actual costing and Absorption costing in this product by month, year. How do I setup?.
@EnertMakwale
Ай бұрын
I thought under absorption is like an expense so we subtract it from the gross profit and the over absorption is an asset we add it to the gross profit
@boineelomasupe740
Жыл бұрын
Thank you❤❤❤❤❤
@aduratomibabalola9884
3 жыл бұрын
Amazing lecture. cheers.
@nokwandanoks1559
6 ай бұрын
Good day can i ask why you not bringing forward the closing. Inventory to the next production of 7000 units meaning the 41000 must be the opening for the production of 7000 units than closing Inventory will be 41000
@patrickugwuegbu6119
2 жыл бұрын
Very informative
@khalifahmedmohamed7204
3 жыл бұрын
Thanks ☺️☺️☺️
@Anele_Gcabashe
Жыл бұрын
My uni. Must start paying you please 😹❤️
@thembekilegwala3465
3 жыл бұрын
Thank you. you are amazing
@gibsonmweene8898
2 жыл бұрын
now show us how you do the profit reconciliation for the two methods
@numaniqbal2261
2 жыл бұрын
Thankyou
@braynotieno9564
2 жыл бұрын
Good work 👏 🙌 👍
@DaiGua
3 жыл бұрын
Sir, could I know why the closing inventory in absorption costing, production of 6000&7000units is zero? It shouldn’t have 1000units? Why
@adaeze_
3 жыл бұрын
It is not zero Pay attention to the video again
@xz1nc824
2 жыл бұрын
thnx a lot
@joshuasackey5059
9 ай бұрын
Do we add over absorption or do we subtract? Other teachers add over-absorption and subtract under-absorption. Which is the accepted procedure? And lastly, other teachers use different formats. For example, under Absorption Costing, they start with Sales, Less Production Costs: Direct Materials Costs, Direct Labour Costs, Factory Overheads. Then they follow with Closing Inventory at full cost, before Cost Of Goods Sold, Add Over Recovery of Overheads, Gross Profit, Less Non-Factory Overheads: Selling, Distribution, and Administrative Costs. And finally Net Profit. The order of headings in your format is different. This leaves me in a state of confusion.
@serakwe718
4 жыл бұрын
Haiii chief you are the best iyoooo I need for of ur help boss ,
@fahimjalal2703
3 жыл бұрын
Thx for making the vid 😊
@sbohmdu2557
3 жыл бұрын
it helps a lot, thanks.
@sowdaayaan1843
3 жыл бұрын
The closing inventory for production of 6000 should it not be the opening inventory for the next production that 7000 units?
@user-zn4pw8xz6v
10 ай бұрын
There should be opening inventory for the last period, no?
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