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In this video, we dive into Chapter 2 of Management Accounting (MA) – Cost Classification. You’ll understand how costs are grouped, how they behave, and why this knowledge is crucial for budgeting, forecasting, and decision-making. We break down every concept from the Kaplan and BPP study texts in a simple, exam-focused way — perfect for students preparing for ACCA Management Accounting (MA / F2). 📚 Topics Covered: Meaning and importance of cost classification Production vs Non-Production Costs Direct vs Indirect Costs Cost behaviour: Fixed, Variable, Semi-Variable & Stepped Fixed Costs Cost behaviour graphs explained The High–Low Method and Linear Cost Equation (y = a + bx) Cost Objects, Cost Units, and Cost Centres Responsibility Centres – Cost, Profit, Revenue, and Investment Cost Coding Systems and their importance Key takeaways and exam-focused revision summary 💡 Whether you’re revising for exams or building strong foundations in MA, this lesson will make every cost concept crystal clear with visuals, examples, and professional insight. If this video helps you, like and subscribe to support more ACCA-aligned tutorials. Your engagement truly motivates us to keep creating high-quality, exam-ready lessons every week! #ACCA #ACCAWiz #ACCAManagementAccounting #ACCAMA #ACCAF2 #CostClassification #FixedCost #VariableCost #HighLowMethod #KaplanACCA #BPPACCA #ACCAExamPrep #ACCAStudentUK #ACCAIndia #ManagementAccountingExplained #StudyWithMeACCA #MARevision #ACCAExamTips #AccountingForBeginners #AccountingStudents