Cost Accounting for Managerial Decisions

Paper Code: 
(BBA 604)
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
9.00
Unit I: 
I Contract Costing:

I Contract Costing: contract accounting, Methods of determining contract price, Escalation clause, Profit on incomplete contracts and different Types of problems related to contract.

9.00
Unit II: 
Service Costing (Operating Costing)

Service Costing (Operating Costing) : Meaning of Service cost, Service costing in case of Transporters, Canteens and Hotels

9.00
Unit III: 
Process costing

Process costing: Meaning of Process costing, Procedure and Treatment of Normal and Abnormal Loss and Abnormal Gains, Inter process Profit. Joint and By Products: Meaning and definition of Joint and By Product, Treatment of By products, Apportionment of Joint costs

9.00
Unit IV: 
Cost Volume Profit Analysis (Marginal Costing):

Cost Volume Profit Analysis (Marginal Costing): Meaning, Significance and Limitations, Breakeven Analysis, Profit Volume Ratio, Assumptions of Cost Volume Profit Analysis, Break Even Point, Indifference Point, Decisions based on Marginal Costing like Make or Buy, Own or Lease, Shut down or Continue

9.00
Unit V: 
Standard Costing:

Standard Costing: Meaning, Significance and Limitation, Types of Standards and Variances pertaining to Material & Labour.

Essential Readings: 

Case Studies
Essential Reading:
1. Duncan Williamson, Cost and Management Accounting, PHI, New Delhi
2. Colin Drury, Management and Cost Accounting, Taxmann, New Delhi

  • Printer-friendly version
  • PDF version