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Cost Accounting

Excellent commerce point > Cost Accounting
Employee Cost and Direct Expenses
03
Jun

Employee Cost – CA Inter Costing Study Material Question 1.Distinguish between ‘Direct and Indirect labour costs’. [CA In ter Nov. 2001, 2 MarksjAnswer:Direct Labour Cost is the cost of benefits paid or payable to the employees which can be directly attributed to a cost object in an economically feasible manner. This can be easily identified […]

Posted in: ca intermediate notes ,
Tags: Accounting Terms , Business Expenses , Business Finance , Cost Accounting , Cost Control , Direct Cost Examples , Direct Expenses , Employee Cost , Employee Cost vs Direct Expenses , Expense Categorization , Financial Management , Indirect Expenses , Operating Expenses , Payroll Cost ,
Material Cost
02
Jun

Material Cost – CA Inter Costing Study Material Inventory Control Levels:Re-order Level (ROL): It is the level at which fresh order needs to beROI. = Max. Consumption × Max. Re-order PeriodOrMin. Stock Level – (Avg. Consumption × Average Re-order period!Safety Stock – Avg. lead time consumptionRe-order period is also known as Lead Time  Re-order Quantity/Economic […]

Posted in: ca intermediate notes ,
Tags: CA Inter Costing , Chartered Accountancy Notes , Cost Accounting , Economic Order Quantity (EOQ) , Inventory Management , Material Cost , Material Cost Control , Material Issue Methods , Pricing Methods , Types of Material Cost ,