Costing Methods BU B.com Old Syllabus Notes

Unit 1 Costing methods [Book]

 
Costing methods MeaningVIEW
Costing methods ImportanceVIEW
Costing methods Categories: 
Job CostingVIEWVIEW
Process or Operation costingVIEWVIEW

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

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

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

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

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