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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…

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…

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…

Exam Revision Questions – Cost Accounting

This PDF contains a series of Exam Revision Questions on Cost Accounting for beginners. The following topics are covered in…

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…

Absorption Costing Techniques | ACT

In this article, you will learn How to Prepare an Income Statement, The Uses and Users of the Absorption Costing…

Inventory Control Formulas and Terms +Video Guide

In this summary on Inventory Control, I will briefly explain the terminologies being used in this topic and also state…