Category: Bangalore University B.com Notes

Classifications of Overheads Costs: Overheads can be classified on the basis of number of characteristics. The following are the important…

Standard Rate: This method is adopted by those industries which adopt standard Costing technique. The standard overheads and standard base…

A Reconciliation Statement or a Memorandum Reconciliation Account should be drawn up for reconciling profits shown by the two sets…

Reconciliation of Cost and Financial Accounts is process to find all the reasons behind disagreement in profit which is calculated…

Estimates and Actuals: The cost can be computed either on actual or estimated basis. Since cost accounts are meant to…

Halsey Premium Plan: This plan known after F.A. Halsey is also called the Weir Premium Plan because it was first…

Labor cost covers one of the major portion of the total cost of a product or job. It may increase…

It is often seen that the management has to quota prices in advance in relation to goods to be supplied…

Stores Ledger: Stores department will maintain a record called ‘stores ledger’ in which a separate folio is kept for each…

Materials constitutes major portion of the total cost of the product. Supplies are also used for the manufacture of product.…