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Costing Techniques

Excellent commerce point > Costing Techniques
Process and Operation Costing
07
Jun

Process and Operation Costing Question 1.Explain the “Equivalent Production.” [CA Inter Nov. 2013, 4 Marks]Answer:Equivalent Production:When opening and closing stocks of work-in-process exist, unit costs cannot be computed by simply dividing the total cost by total number of units still in process. We can convert the work-in-process units into finished units called equivalent production units […]

Posted in: ca intermediate notes ,
Tags: Accounting Education , ca foundation , cma foundation , Cost Accounting , Costing Techniques , ECP Commerce Coaching. , Manufacturing Costs , Mass Production Costing , Operation Costing , Process Costing ,
Unit and Batch Costing
06
Jun

Unit and Batch Costing Question 1.Explain ‘Job Costing’ and ‘Batch Costing’. [CA Inter May 2Q01, May 2018, 5 Maris]Answer:Job costing: Job costing is the category’ of basic costing methods which is applicable where the work consists of separate contracts, jobs or batches, each of which is authorised by specific order or contract. According to this […]

Posted in: ca intermediate notes ,
Tags: Batch Costing , Cost Accounting , Cost Analysis , Cost Control , Costing Techniques , Job Costing , Manufacturing Costing , Per Batch Cost , Per Unit Cost , Production Costing , Types of Costing Methods , Unit Costing ,