Cost Accounting TYBAF Semester VI

Cost Accounting TYBAF Semester VI


Cost Accounting

TYBAF Semester VI


1. Budgeting and Budgetary Control

Meaning & objectives, Advantages and Limitations of Budgets

Functional budgets, fixed and flexible budgets

Zero based budgeting, performance budgeting

Practical Problems of preparing flexible budgets and functional budgets

2. Absorption Costing and Marginal Costing, Cost Volume and Profit Analysis Absorption Costing and Marginal Costing

Meaning of Absorption Costing

Introduction to Marginal Costing

Distinction between absorption costing and marginal costing

Advantages and Limitations of Marginal Costing

Cost Volume and Profit Analysis

Break even analysis meaning and graphic presentation

Margin of Safety

Key Factor

Practical problems based on using the marginal costing formulae and Key Factor

3. Managerial Decision Making

Make or buy

Sales mix decisions

Exploring new markets

Plant shut down decision

Practical Problems

4. Standard Costing and Variance Analysis

Preliminaries in installing of a standard cost system

Material Cost Variance

Labour Cost Variance

Variable Overhead Variances

Fixed Overhead Variances

Sales Variances

Profit Variances

Practical Problems

Additional Information

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ISBN-13 978-93-89293-37-1
AUTHOR Ainapure - Ainapure
YEAR 2019
ED Second
SUBJECT Cost Accounting TYBAF Semester VI