Costing Methods BU B.com Old Syllabus Notes

Unit 1 Costing methods [Book]

 
Costing methods Meaning VIEW
Costing methods Importance VIEW
Costing methods Categories:  
Job Costing VIEW VIEW
Process or Operation costing VIEW VIEW

Unit 2 Job and Batch Costing [Book]  
Job Costing: Meaning, prerequisites, Job costing procedures, Features, Objectives, Applications, Advantages and Disadvantages of Job costing VIEW
Batch Costing Meaning, Advantages, Disadvantages VIEW
Determination of economic Batch Quantity VIEW
Comparison between Job and Batch Costing VIEW

Unit 3 Process costing [Book]  
Introduction, Meaning and Definition, Features of Process Costing VIEW
Comparison between Job costing and Process Costing VIEW
Applications, Advantages and Disadvantages of Process Costing VIEW
Treatment of normal loss, Abnormal loss and Abnormal gain VIEW
Rejects and Rectification – Joint and by-products costing problems under reverse cost method VIEW

Unit 4 Contract Costing [Book]  
Meaning, Features, Applications of Contract costing VIEW
Similarities and Dissimilarities between Job and Contract costing VIEW
Procedure of Contract costing VIEW
Profit on incomplete contracts VIEW

Unit 5 Operating Costing [Book]  
Introduction, Meaning and Application of Operating Costing VIEW
Power house costing or Boiler house costing VIEW
Canteen or Hotel costing VIEW
Hospital costing and Transport Costing, Problems VIEW

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