Costing Methods Bangalore City University B.Com SEP 2024-25 5th Semester Notes

Unit 1
Job Costing, Meaning, Features, Objectives, Applications, Advantages and Disadvantages VIEW
Job Cost Sheet, Simple Problems VIEW
Batch Costing, Meaning VIEW
Difference between Job Costing and Batch Costing VIEW
Process of Accumulation and Calculation VIEW
Determination of EBQ VIEW
Unit 2
Contract Costing, Meaning, Features of Contract Costing, Applications VIEW
Differences between Job costing and Contract Costing VIEW
Terms used in Contract Costing VIEW
Treatment of Profit on Complete Contracts VIEW
Treatment of Profit on Incomplete Contracts VIEW
Problems on Preparation of Contract Account and Contractee’ s Account for 1 to 3 Years (including Trial Balance and Balance Sheet problems) VIEW
Unit 3
Process Costing, Meaning, Features and Applications VIEW
Differences between Job Costing and Process Costing VIEW
Treatment of Process Losses and Gains in Process Accounts VIEW
Preparation of Process Accounts VIEW
Problems of Process Accounts VIEW
Unit 4
Introduction to Operating Costing; Application of Operating Costing VIEW
Cost components and Cost Units for different Services:
Cost components and Cost Units for Transport Services VIEW
Cost components and Cost Units for Hospital VIEW
Cost components and Cost Units for Educational institutions VIEW
Problems on Preparation of Operating Cost Statement for Transport Service VIEW
Unit 5
Target Costing VIEW
Zero Based Budgeting VIEW
Responsibility Accounting VIEW
Product Life Cycle Costing VIEW
Focus Costing VIEW
Lean Costing VIEW

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