Total
Marks: 100 (End Sem 80 + IA 20)
Unit
– I: Introduction
Nature and scope of Cost
accounting, Cost concepts, Cost classification and Cost sheet; Methods and
Techniques; Installation of Costing System.
Unit
– II: Accounting for Material
Material control; Techniques of
Material control; Stock control; Methods of valuing material issues – Cost price
methods.
Unit
– III: Accounting for Labour
Labour costs and control; Labour
turnover; Idle time and Overtime; Remuneration and Incentives – Methods of wage
payment; Taylor’s differential piece rate, Halsey and Rowan premium plan.
Unit
– IV: Accounting for overheads
Definition, importance,
classification of overhead costs. Methods of Absorption of manufacturing
overheads; meaning of under and over – absorption of overheads.
Unit
– V: Cost Ascertainment
Un it costing, contract costing,
process costing – process losses and gains treatment of W.I.P. Reconciliation
of Cost and Financial accounts. Concept of Cost audit and cost management.
