Industries, where process costing can be applied, have normally
one or more of the following features :
1. Each plant or factory is divided into a number of processes, cost centres or departments,
and each such division is a stage of production or a process.
2. Manufacturing activity is carried on continuously by means of one or more process run
sequentially, selectively or parallely.
3. The output of one process becomes the input of another process.
skip to main |
skip to sidebar
 |
| Hit counter provided by website design guide. |
About Me
Blog Archive
-
▼
2009
(156)
-
▼
March
(74)
- MARGIN OF SAFETY
- THE BREAKEVEN POINT
- COST-VOLUME-PROFIT ANALYSIS
- MARGINAL COST EQUATION
- Limitations of Marginal Costing
- Advantages of Marginal Costing
- Presentation of Information:
- Control of expenses
- Semi-variable expenses
- Fixed expenses
- Variable expenses
- Key factor
- Contribution
- Incremental cost
- Differential cost :
- Direct costing:
- Definitions:
- THEORY OF MARGINAL COSTING
- Criticism of Standard Costing:
- Advantages of Standard Costing:
- ABOUT GLOBAL COMMUNICATIONS
- Overhead expenses variance
- Production Volume Variance:
- Overheads
- Labour
- Material
- Controllable and un-controllable variances:
- THE PROCESS OF STANDARD COSTING
- Uses of Standard Costs
- NEED FOR STANDARD COSTS
- Current standards:
- Basic or Bogey standards:
- Normal standards:
- Ideal standards:
- TYPES OF STANDARDS
- Standard hour:
- Overhead expense standards:
- Wage rate standard:
- Material price standards:
- Price or Rate standards:
- Problems faced while setting physical standards:
- Labour quantity standards:
- Material quantity standards:
- Physical standards:
- SETTING UP OF STANDARD COST
- DEFINITION OF STANDARD COST
- Where they require further processing
- When the by-products are of considerable total value
- Treatment of By-Product Cost in Cost-Accounting
- Re-use basis
- Comparative price
- Standard cost in technical estimates
- Market value or value on realisation
- Market value method
- Contribution margin method
- Survey method
- Physical unit method
- Method of apportioning joint cost over joint products
- Apportionment of joint costs
- By-Products
- Co-Products
- Joint Products
- Meaning of Joint Products and By-Products
- INTER-PROCESS PROFITS
- Valuation of work-in-progress
- COSTING OF EQUIVALENT PRODUCTION UNITS
- Abnormal gain
- Abnormal process loss
- Normal process loss
- TREATMENT OF NORMAL PROCESS LOSS, ABNORMAL PROCESS...
- Costing Procedure
- Basic features
- MEANING OF PROCESS COSTING
- MULTIPLE COSTING
-
▼
March
(74)
Design by: FinalSense
No comments:
Post a Comment