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Format For Course Curriculum
Format For Course Curriculum
Course Title: Fundamentals of Cost Accounting Credit Units: 4 L T P/S SW/F TOTAL
W CREDIT
Course Level: UG Course Code: UNITS
3 1 - - 4
Course Objectives: The objective of the course is to enable students to acquire sound Knowledge of concepts, methods and techniques of allocation and
control of various costs. To teach them different methods of costing and to make the students develop competence with their usage in managerial decision
making and control.
Descriptors/Topics Direct and Indirect labour, Control of labour cost by different departments( Including Meaning of Time and Motion Study,
Merit Rating, Job Analysis, Time keeping and Time booking), treatment of holiday pay- Idle time- overtime and night shift allowance-causes
and treatments, Methods of Wage Payment, Time rate and Piece Rate – Incentive Schemes – Halsey Premium Plan, Halsey weir Premium Plan
– Rowan Bonus Plan – Taylor’s and Merrick’s differential piece rate systems..
Module IV Overheads 15
Descriptors/Topics Classification of overheads – Procedure for accounting and control of overheads, Overhead distribution stages– Allocation
of overheads – Appointment of overheads – Apportionment of Service department costs to production departments – Repeated Distribution
method – Simultaneous equation method, absorption of Overheads – Methods of Absorption – Percentage of direct material cost – Direct
Labour Cost, Direct Labour hour rate and Machine Hour Rate.