Posted inBasics
Financial Management
Attention should be given to the following areas: ● If there is any over-investment. ● How much…
Posted inBasics
Fields Covered under the Cost Reduction Program
A number of fields come under the scope of cost reduction. They are discussed below.…
Posted inBasics
Cost Reduction Program
Followings are the essentials of a cost reduction program: ● Cost reduction program should be according…
Posted inBasics
Cost Accounting – Cost Reduction
Cost reduction is to be understood as the achievement of real and permanent reduction in…
Posted inBasics
Requirements for Successful Cost Control
The following requirements are to be fulfilled to implement successful cost control: ● A plan and…
Posted inBasics
Cost Control Techniques
Costs can be controlling by employing the following methods: ● Material Control ● Labor Control ● Overheads Control…
Posted inBasics
Cost Accounting – Cost Control
Conceptually, accounting is the discipline that provides information on which external and internal users of…
Posted inBasics
Cost Accounting – Cost Sheet
A cost sheet is prepared to know the outcome and breakup of costs for a…
Posted inBasics
Cost Accounting – Elements of Cost
The following chart shows the various elements of cost and how they are classified. Direct…
Posted inBasics
Cost Accounting – Classification of Cost
Costs can be classified based on the following attributes: By Nature In this type, material,…