Job Costing Overview: Introduction Whats is Job Costing? It is a form of specific order costing in which costs are attributed to an individual job. Job Costing is also referred …
Job Costing: Examination Guide and Format on Job Costing Read More »
Cost Accounting can be defined as a system put in place by the management to generate the amount incurred in the production of goods and services so as to determine …
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What is Economics Order Quantity (EOQ)? This is the re-order quantity where the total relevant cost of inventory is minimized. EOQ is also known as optimal re-order quantity. It also …
EOQ – Definition & Assumptions of Economic Order Quantity Read More »
There are different methods used in calculating labour cost. In this article, I will talk more about the three methods which fall under the PRODUCTIVITY SCHEME – they are; Halsey …
In this summary, you will learn the definition of the term Contract Costing, The Characteristics and Problems associated with a Contract, Terminologies in Contract Costing, Accounting for Contracts and the …
Overhead costs are those costs that cannot be traced directly to the level of activities of an organization. The overhead cost can be further described as “the cost of indirect …
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The following are the main pricing methods that may be used to determine the price of issues and closing stock valuation. Though this article is based on the FIFO method, …
Questions on Marginal Costing Techniques Your name Nig. Ltd presents you with the following data about its operations for the quarter ended 31/12/2015 Selling price per liter N50 Direct material per …
Question on Marginal and Absorption Costing Technicques Read More »
Cash Budget Before attempting any question on Cash Budget, make sure you read through the question in order to stick to the exam instruction. Apply these steps in solving questions …
This article will help you with a clear definition and meaning to Break-even Analysis, how the formulas are derived and the definition of terms like (1) Break-even Analysis (2) Break-even …
In this article, you will learn How to Prepare an Income Statement, The Uses and Users of the Absorption Costing Techniques, The differences between the Marginal Costing Techniques (MCT) and …
After reading through, you will be familiar with the definition of terms, the Quantitative and Qualitative Factors in Decision Making, Types of Costs, Advantages and Disadvantages of the Marginal Costing …