Advanced Cost and Management Accounting MCOM Semester I Manan Prakashan

Advanced Cost and Management Accounting MCOM Part 1 Semester I  Manan Prakashan

 

Content:

1. Marginal Costing, Absorption Costing and Management Decisions

l Meaning of Absorption Costing – Distinction between Absorption Costing and Marginal Costing – Problems on Breakeven Analysis – Cost Volume Profit Analysis – Breakeven Charts – Contribution Margin and Various Decision Making Problems

l Managerial Decisions through Cost Accounting such as Pricing Accepting Special Offer – Profit Planning – Make or Buy Decisions – Determining Key Factors – Determining Sales Mix – Determining Optimum Activity Level – Performance Evaluation – Alternative Methods of Production, Cost Reduction & Cost Control

2. Standard Costing

l Standard Costing as an Instrument of Cost Control and Cost Reduction – Fixation of Standards – Theory and Problems based on Analysis of Variances of Materials, Labour, Overheads and Sales including Sub-variances

3. Budgetary Control

l Budget and Budgetary Control – Zero Based Budget – Performance Budgets – Functional Budgets Leading to the Preparation of Master Budgets – Capital Expenditure Budget – Fixed and Flexible Budgets – Preparation of Different Types of Budgets

4. Operating Costing

l Meaning of Operating Costing – Determination of Per Unit Cost – Collection of Costing Data – Practical Problems based on Costing of Hospital, Hotel and Goods & Passenger Transport

 

Additional Information

 

BOARD	Mumbai University
ISBN-13	978-81-94785-94-1
AUTHOR	Ainapure – Ainapure
PUBLISHER	Manan Prakashan
ED	All
PAGES	368
SUBJECT	Advanced Cost and Management Accounting MCOM Semester I
LANGUAGE	English