Cost Accounting

This Cost Accounting book has been published according to the latest syllabi of B.Com. IInd Year examination of various universities of Madhya Pradesh.

• In this revised edition, several Illustrations (solved) of real worth have been added and questions graded. All the chapters have been closely screened and revised to make the book utility-oriented in a larger measure.
• The Illustrations and Practical Questions have been given Topic-wise, graded from easy to difficult. The students of elementary studies may select easy questions Topic-wise and leave difficult ones.

Cost Accounting Syllabus For B. Com. II Year of Awadhesh Pratap Singh University Rewa (APSU), Barkatullah University Bhopal, Rani Durgavati Vishwavidyalaya Jabalpur (RDVV), Vikram University Ujjain, Dr. Harisingh Gour University Sagar (DHGU)

Unit-I: Cost: Meaning, Concept, and Classification. Elements of Cost, Nature & Importance, Material Costing. Methods of Valuation of Material issue. Concept and material control and its techniques. Labour Costing, Methods of Wages Payments.

Unit-II: Unit Costing, Preparation of Cost Sheet, and Statement of Cost (Including calculation of tender price) Overhead costing, (Including calculation of machine hour rate.)

Unit-III: Contract and Job costing, Operating Costing. (Transport Cost)

Unit-IV: Process Costing (Including Inter-Process Profit and Reserve). Reconciliation of Cost and Financial Accounts

Unit-V: Marginal Costing-Profit-Volume Ratio, Break-even Point, Margin of Safety, Application of Break-even Analysis. Standard Costing and variance analysis (Material and Labour only)

Cost Accounting Book Contents

1. Cost Accounting: An Introduction
2. Cost: Elements, Concepts, and Classification(as Per CAS-1)
3. Material Cost Accounting (Including Material Purchase and Issue Pricing)
4. Material/Inventory Cost Control: Concept and Techniques (Including Treatment of Material Losses)
5. Labour Cost Accounting Labour Turnover, Idle Time and Overtime (In The Context of CAS-7)
6. Methods of Wage Payment: Time Rates, Piece Rates, and Incentive Schemes
7. Accounting for Overheads: Collection and Classification
8. Overheads: Allocation, Apportionment (Departmentalisation) and Absorption (In the Context of CAS-3)
9. Machine Hour Rate Method
10. Unit or Output Costing-I (Cost Sheet, Cost Statement, and Production Account)
11. Unit or Output Costing-II (Calculation of Estimates, Tender, and Quotation Price)
12. Contract Costing (Including AS-7)
13. Job And Batch Costing
14. Process Costing (Including Joint Products and By-Products)
15. Reconciliation of Cost and Financial Accounts
16. Operating Costing
17. Process Costing: Inter-Process Profits
18. Cost-Volume-Profit Analysis : Break-Even Point
19. Absorption Costing and Marginal Costing : Concept and Computation
20. Marginal Costing : As a Tool For Decision-Making
21. Standard Costing
22. Variance Analysis (Material & Labour Variance)