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Cost Accounting

Job Costing: Examination Guide and Format on Job Costing

Job Costing Overview: Introduction Whats is Job Costing? It is a form of specific order costing in which costs are…

Cost Accounting Definition – Introduction to Cost Accounting

Cost Accounting can be defined as a system put in place by the management to generate the amount incurred in…

EOQ – Definition & Assumptions of Economic Order Quantity

What is Economics Order Quantity (EOQ)? This is the re-order quantity where the total relevant cost of inventory is minimized.…

Labour Cost – Classification of Labour Cost

There are different methods used in calculating labour cost. In this article, I will talk more about the three methods…

Contract Costing – Format for Notional Profit

In this summary, you will learn the definition of the term Contract Costing, The Characteristics and Problems associated with a…

Overhead Costs Definition – What is Overhead Costs?

Overhead costs are those costs that cannot be traced directly to the level of activities of an organization. The overhead…

FIFO – First In First Out +Video Guide

The following are the main pricing methods that may be used to determine the price of issues and closing stock…

Question on Marginal and Absorption Costing Technicques

 Questions on Marginal Costing Techniques Your name Nig. Ltd presents you with the following data about its operations for the…

How To Prepare A Cash Budget

Cash Budget Before attempting any question on Cash Budget, make sure you read through the question in order to stick…

Break-Even Analysis Formulas +Video Guide

This article will help you with a clear definition and meaning to Break-even Analysis, how the formulas are derived and…