“Relat 's 094} ot occorsating ue A) “The ghectves 08 functions of eo = cot oscertainmerd is ~the Priemcny objetive. * cost ascectainment * tained by tho use 4 ony one ex more cost accountiog cost, may be asce 4 costing techniqytes 4a the Purpose 4 ecatairing i per unit) the catlectian » classtication ond analysis of cost dale is necessary a « + | cost Contvn| i-east control is one 4% tle wngortans ~gunctieree accoucting -9o measure the eificdenay of “the Aganisation rhe vous ous en tuted In the ManujactAe + Banded, ar def ond Compad wit! arkul fetformante- F Ascevbsimank aj profitdbiity i- ab is He ebieck A cot ensurdicg 0 State the waft mating pacts op te oat aboened $ tego" | jeuk eo campne ke actual @nejts mad with “ey moffiabisitias | difference is onalipsed ond efforts ove loeing mode to earn) matin? pings ce |Seteminction Selling Price t= Cost omcurieg Proves detaiied formation Pee Me comic megs cot for de dotemination % alli wrice can be reduced to mack He challange amieirg out a] comettitin - + Providing basis fox ousiness Palley *~ cent oueurting Lule se morngirress tn fovmulodien % business piilicy and decision makleg dlc Grekiels, |S fhe evp analysis, the BE-P clark Lulps tte monagimers in deciding Cutiaa mattas Pike mala ot buy « gritroduction oy eiscortinuance of & Produd, willisckion of 1 phd oyotty Selution 4 most Dojitable Sales min, eke. . Distinguish belwean eott account og ord management occourtirg 2 Cost accounting ts designed “tO ~the cost ty unt pirducad to determin Competitive tiae wheter, manageme? auountig * designed fo aid. a." \s ; O as faints and procens 4 Occeranirg costs. Ag a tedwiauo, cos mM 1S tle body 84 rodecigls ond aids tov ascort cing € costs P Prodeds ond sevice - AS ‘ Kounkinn 4 accernie\ng, ee OO Process, tt ts iy. sbyto-ty| Aceerding bo ushelden costing ts Aue elossitying seconling | Od oggiepricte allocation #) eyurdiuic for-tve delerminaton oe) Cests.ey oduct or services, tue Aelotive e-tere costs ~to ald velba Ord tuo ascertalagad a profi tobitity . fe i& tus Ane Lormal medonis by macns a bbe eds ey preduks wy sewiees ove oscerbamed ond controlled - es of enst accounting \~ the advantas % cotk accounkig be concidered under the jing heading’: mou 196 a. sranogemerc = A sound system of casting Proviks tee following adlyonkoges to erovogeessh tr) pscevtainmnent of cost of Production \- coding enables Ht true cot | A Peduction 9 even modurbs Jobs Proc: pie, ex on atin wit | production, | 2| piscloses profitable ond unprofitable ackivities\- costing disclose fonditabe and unolicbls activities » the marngesnart an aces: Joka Akeph-to nereose “He mrojtlable adivities ond geduce unnacyitable arkuities: | Messuxes efficiency \~ costing qrovides, twaluable aka to mosere tue efficiency e\tL0 Bganisdtion: Aurther Codhing, Dalya 64 manage” ko take cleat “to Trove elicdenc] Ue tiganisabion - Aids in Price Rration 1-eecting Lulps management ‘ tn perils 0} dpressinn, gt enables tue. manageauit +0 Cutent to which Prices con\be vecluced-#1 veins ln estimakes 1- adequate costing Secerdt ’ ads upon which tenders ond estimates way be” ’ guvenls Lowes ar Reveals losses ov ineficlencies!~ costing | Scewuring ia ony Loren Such os idle. sie, excessive srailege “SSRs, | cundey wblis 4 nlarg ond matlinery eke: 41 Guides Production Policies \~ costing quits weduction | Production qaficies « slonning 38d B) bales in the preparation of inkerien accounde:- costing Proicles & Perpeksat \rulentory Syttem wolich duljs the und in tre a inketen puofit end Arg oxiourd ond balance Shett without stock dalehg: 90 % | totes tm Contyouing the cost 1 costirg [ln in concealing —tt cell - cess Comporison alia helps tn cast Contyol: has te ts on testument | % managunsnd control to} teres in taking appropriate deaidions;~ cating ‘Sa telos Sot were |to-toke aqqicpicte dedsion on sevemd joblams+ D) Advantages to weryers {casting Uisctinges “Huo. sulotive ejficiencies #4 } diefevend worst ond we $y forcilitadel tLe ntroluition of suitable | Plone ey cca caymarf “to vowed: B Advantages to creditors and wvestorsi~ casting enables cxdias | ond wniestors “Ao yudqe—we financial Strength ond. cre wovttiness ay [4rg business - P| advantages to government! entling Facilitate Excise didy ond Tueme tou. ot alo foudlitakes Ue tolicies ~eqarding dusty; anata impat rtaration ete &| advantages to ine publle enterprises t—pulilic enkevPricc® lott inbtintive | ond mberest ef milrale enterpltes te delp oy casting siygten © susti-y Akai ooviting in Public setter 2 4 Mo assesment 4 formulation %}erteras stomthe Yeneval. public'.- Centing lemoves all aorts Of SEAA mst, denkaye, ond ot forms % wolficioncies - fortua NOTH tent reduction pchemes Posting Dsles in cuatbieg nflattorar trench tn an ecenmy « i ri “Thus, cooing bas madteuad wdiLty rot only 40 “the Moragtmand uk alka -bo workeu 1 creditors, trwettars, Jovemmerdt Ord —lhe sactely costing Is te seeing eshaal wlich Kens “0 orgenisakin a leads got naspeity . Gmitations of cost accounts:- he Aotlossing one Hoe Uiritabions HY cesk ocrqunting « cost accounting Jocks « uniforen Procedure {= at is Possibla Yad teo eaually compslent cote accowtarls may arive ot client sesulls frre Some information « TRere ore flaage number © conentiog, estinules ond flab Factors sh oS classiftcation © costs into ebmoks Issue ey Malai Or alerage OY | Standatd qlee, onportioment 0) everksod ; division oy costs Into nemal ond abromed and contvallsble cogs dud muremuers no One Cotes tall | for ad nungoses ond under all crumstance= | ey Fer gebting ue benefits Of cost ateounting many formalities ove to be | | Opsewed by fame small ond mudivm size carrer pee Hl i toult | estabtishmad ond aunning cotlf att 80 muth thot it keomrey Sitialt | tor these concerns +o afford ts at- | MI The contrition % capt accounting for sordling fiuusstl< situations} hos net been muth. doy eeample, it has not crowed 40 fay ony aaa hops inflotionoyy gteation ,costing caliene i =) ga — Teal cook | x Ws | Aokal cost - sald - x dotad cod = Atued cost - variable cost =. contrtouon, 2 Sale — yortatla ost : conan Om - AU contyibution - eK contribution ohusd cool 4 oft ; | | ‘or profib- | butler = Prof! | x fiuedcost = cordeo = Material cos Vowlarce (mev) mev = (saxse} -Caa xaP] | * material price Vayiance (Mev) MOv= AR (sP-Ar) 4 (ratatas Usage (er Quantity) vorlance [mav] | Ov = sex (S-aQ) = |mabew'a mit vartance (mmv) mmv = SP (RSA_Ana) Roterial Yield variances [inv] | mvc sotah a RAXxSP Presence Reid storclod yield for odual fut | qf Detine a Cok accountig 7 A) cock ocourtirg : eo. = oy metualebyyy ° bd Cost See outi ond peudi unting Fo-r cats . a weludd i relursy 22rdeng 9 cveorstbee ie enteh Occ + hs ces. on vasious Paramalers: Porn Qa echt mre Mabew -onever sede, Percorboge 4% stor 0) petuals ord estionts et. 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