Cost Accounting TYBAF Semester VI Manan Prakashan

Content:
1. Budgeting and Budgetary Control
Meaning & objectives, Advantages and Limitations of Budgets
Functional budgets, fixed and flexible budgets
Zero based budgeting, performance budgeting
Practical Problems of preparing flexible budgets and functional budgets2. Absorption Costing and Marginal Costing, Cost Volume and Profit Analysis Absorption Costing and Marginal Costing
Meaning of Absorption Costing
Introduction to Marginal Costing
Distinction between absorption costing and marginal costing
Advantages and Limitations of Marginal Costing
Cost Volume and Profit Analysis
Break even analysis meaning and graphic presentation
Margin of Safety
Key Factor
Practical problems based on using the marginal costing formulae and Key Factor3. Managerial Decision Making
Make or buy
Sales mix decisions
Exploring new markets
Plant shut down decision
Practical Problems

4. Standard Costing and Variance Analysis
Preliminaries in installing of a standard cost system
Material Cost Variance
Labour Cost Variance
Variable Overhead Variances
Fixed Overhead Variances
Sales Variances
Profit Variances
Practical Problems