Unit 1 Cost Control and Cost Reduction {Book} |
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Meaning of Cost control and Cost Reduction |
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Areas covered by cost control and cost reduction |
VIEW |
Product Design |
VIEW |
Target costing |
VIEW |
Value Analysis |
VIEW |
Value engineering |
VIEW |
Value chain analysis |
VIEW |
Business Process Re- Engineering |
VIEW |
Unit 2 Marginal Costing {Book} |
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Absorption costing |
VIEW |
Cost classification |
VIEW |
Under Absorption Costing |
VIEW |
Meaning and Definition of marginal costing |
VIEW |
Absorption Costing V/s Marginal Costing |
VIEW |
Need for Marginal Costing, Against and in favour of marginal costing |
VIEW |
Marginal cost equation |
VIEW |
Uses and Limitations of Marginal Costing |
VIEW |
Break even analysis |
VIEW |
Problems on Break Even Analyses |
VIEW |
Unit 3 Standard Costing {Book} |
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Historical costing |
VIEW |
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Introduction Meaning & Definition of Standard Cost and Standard Costing, Advantages & Disadvantages of Standard Costing |
VIEW |
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Preliminaries in establishing system of Standard Costing |
VIEW |
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Variance Analysis |
VIEW |
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Material Variance |
VIEW |
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Labour Variance |
VIEW |
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Overhead Variance |
VIEW |
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Problems on Material Variances and Labour Variances |
VIEW |
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Unit 4 Budgetary Control {Book} |
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Introduction, Meaning & Definition of Budget and Budgetary Control |
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Objectives, Essential requirements, Advantages and Disadvantages of Budgetary Control |
VIEW |
Meaning, Types of Functional Budgets |
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Meaning, Types of Flexible Budgets |
VIEW |
Meaning, Types of Cash Budgets |
VIEW |
Meaning, Types of Sales budget |
VIEW |
Meaning, Types of Production budget |
VIEW |
Problems on Flexible budgets and Cash budgets |
VIEW |
Unit 5 Activity Based Costing {Book} |
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Activity Based Costing, Weakness of conventional system concept of ABC |
VIEW |
Kaplan and Cooper’s Approach, Cost drivers and cost pools |
VIEW |
Allocation of overheads under ABC |
VIEW |
Characteristics of ABC |
VIEW |
Steps in the implementation of ABC |
VIEW |
Benefits from adaptation of ABC system |
VIEW |
Difficulties faced by the industries in the successful implementation of ABC |
VIEW |
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