Cost Accounting is a mechanism of accounting by means of which costs of services or products are ascertained and controlled in manufacturing firm for different purposes. This book is designed to fulfil the needs of management of manufacturing companies for a detailed information about the cost. The main aim of this book is to facilitate easy understanding of the matter at one reading without any tediousness in grasping the theories and illustrations.
1. Introduction, 2. Cost – Methods, Types, Classification, 3. Material – Purchase Control, 4. Material Inventory Control, 5. Material Issue Control, 6. Material Losses, 7. Labour Cost, 8. Labour Cost – Cost Accounting, 9. Direct Expenses, 10. Overhead Analysis, Classification and Accounting, 11. Overhead Rates, 12. Overhead – Administration, Selling and Distribution, 13. Miscellaneous, 14. Cost Control Account, 15. Reconciliations of Cost and Financial Accounts, 16. Integral Accounting, 17. Unit or Output Costing, 18. Job, Batch and Contract Costing, 19. Process Costing, 20. Operating or Service Costing, 21. Marginal Costing, 22. Budgetary Control, 23. Standard Costing-I, 24. Standard Costing-II, 25. Uniform Costing, 26. Auditing of Cost Accounts, 27.Cost Control and Cost Reduction, 28. Mechanised Accounting • Appendix-I: Terminology of Cost Accountancy