Cost Accounting

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Dr. Sangeeta Mittal & Jitendra Singh

BBA, Maharishi Dayanand University, Third Semester

Syllabus
BBA-301: COST ACCOUNTING 
Unit-I
Introduction: Objective, Elements of Cost, Cost Sheet, Importance of Cost Accounting, Types of Costing, Installation of Costing System, Difference between Cost Accounting and Financial Accounting.
 
Unit-II
Material Control: Meaning and Objectives of Material Control, Material Purchase Procedure, Fixation of Inventory Levels – Reorder Level, EOQ, Minimum Level, Maximum Level, Danger Level and Methods of Valuing Material Issues.
 
Unit-III
Labour Cost Control: Its Importance, Methods of Time Keeping and Time Booking; Treatment and Control of Labour Turnover, Idle Time, Overtime, Systems of Wage Payment – Time Wage System, Piece Wage System and Balance or Debt Method; Overhead – Classification, Allocation and Apportionment of Overhead including Machine Hour Rate.
 
Unit-IV
Methods of Costing – Job, Batch and Contract Costing, Process Costing Fundamental, Process Losses and Gains.
MDU/BBA/3/02
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