SyllabusCOST ACCOUNTINGUnit-I: Nature and Scope of Cost Accounting Cost Accounting: Nature and Scope – Objective, Advantages and Limitations – Financial vs. Cost Accounting, Cost System: Types of Costing and Cost Classification – Cost Sheet and Tenders. Unit-II: Materials Purchase and Control Purchase Department and its Objectives – Purchase Procedure – Classification and Codification of Material Control: Levels of Stock and EOQ. Unit-III: Methods of Pricing of Material Issues Cost Price Method: FIFO, LIFO, Average Price Methods: Simple and Weighted Average Price Methods. Unit-IV: Labour Cost Control Labour Turnover: Causes, Methods of Measurement and Reduction of Labour Turnover – Idle and Over Time – Remuneration and Inventives: Time and Piece Rate System – Premium Bonus System – Halsey, Rowan. Unit-V: Overheads Classification of Overhead Costs – Departmentalization of Overheads – Allocation Absorption and Apportion of Overhead Costs – Primary and Secondary Distribution of Overheads – Computation of Machine Hour Rate. (Weightage of Marks, Problems 80%, Theory 20%)
TU2015/BBA/6/04
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9789351633921
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