TABLE OF CONTENTS

Part One : Theory ( 1 to 18)

Chapter : Introduction (1 – 2)
Cost Accounting, Cost, Cost Unit, Financial Accounting, 1
Historical Cost, Marginal Cost
Opportunity Cost, Scraps Value, Spoilage, Defectives Goods, Wastes 2
Chapter : Materials (3 – 4)
Simple Average Method, Weighted Average Method, 3
Economic Order Quantity
Differences Between Bin Card and Stores Ledger 4
Chapter : Labour (5 – 10)
Labour, Types of Labour, Time Keeping 5
Job Ticket or Job Card, Idle Time 6
Types of Idle Time 6–7
Worker’s Remuneration 7
Differences Between Preventing Cost and Replacement Cost 8
Taylor’s Differential Piece Rate System, 9
Merrick’s Differential Piece Rate System
The Halsey Scheme, The Rowan Scheme 10
Chapter : Overhead (10 – 15)
Overhead 11
Classification of Overhead 11 – 14
Differences Between Allocation and Apportionment 15
Chapter : Job Costing (16)
Job Costing, Features of Job Costing 16
Chapter : Process Costing (17 – 18)
Process Costing, Normal Loss, Abnormal Loss 17
Differences Between Job Costing and Process Costing 18
Part Two : Math (19 to 33)
Problem: 3 19 – 21
Problem: 4 22 – 25
Problem: 5 26 – 27
Problem: 6 28 – 29
Problem: 8 30 – 31
Problem: 30 32 – 33
References 34