Cost Accounting

Notes of cost accounting for commerce,accounting student to learn easy.It almost cover all important topics which are given below

Unit – 1. Introduction

Nature and scope of cost accounting
Cost concepts and classification
Methods and techniques of Costing
Concept of cost audit

Unit – 2. Accounting for Material & Labour

Material control, concept and techniques;
Pricing of material issues
Treatment of material losses
Labour cost control procedure
labour turnover
Idle time and overtime
Methods of wage payment-time and piece rates
Incentive schemes

Unit – 3. Accounting for Overheads

Classification and departmentalization
Absorption of overheads
Under the over absorption, and its treatment

Unit – 4. Cost Ascertainment

Unit costing
Job, batch and contract costing
Operating Costing

Unit – 5. Process costing

Inter-Process Profit
Concept of joint and by-products