business quantitative – Page 2 – apk upload

Category: business quantitative

Statement of Cost accounting

Theoretically, cost sheet and statement of cost are similar. Cost sheet is a component of the manufacturing factory, and its main objective is to present total cost or per unit cost by classifying every...

Scope of Cost Accounting

The following important tasks are included under the scope of cost accounting – 1. To keep a count of investments and to classify and analyze the investments – under cost accounting the total investment...

General Principles of Cost Accounting

The following are the main principles of Cost Accounting: 1. Cause-effect relationship- Cause-effect relationship should be established for each item of cost. Each item of cost should be related to its cause as minutely...

Objections Against Cost Accounting

A number of objections are generally raised against the introduction of costing on various grounds. The following are some of the important objections usually raised: 1. Want of necessity- It has been argued that...

Techniques of Costing

(1)Standard costing- In this technique, the vari-ous expenditures and costs of producing a commodity are estimated under general working conditions and on the basis of this various standards are fixed. In this technique the...