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Cost Accounting Manual

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Cost Accounting Manual
Cost Accounting Manual 2013

STUDY NOTES FOR COST
ACCOUNTING

BY
ATAUSH SHAFI

Last Updated on: Tuesday, January 01
01, 2013

1

© For Suggestions & Feedbacks, contact: ATAUSH SHAFI (ataushshafi@gmail.com)

Cost Accounting Manual 2013
Table of Contents
CIMA OFFICIAL TERMINOLOGY .................................................................................... 3
COST OF GOODS SOLD FORMULE................................................................................ 13
COST CLASSIFICATION .................................................................................................. 17
PROCESS COSTING ........................................................................................................... 18
BYBY-PRODUCT ...................................................................................................................... 30
DECISION MAKING........................................................................................................... 35
BUDGETING ........................................................................................................................ 66
STANDARD COSTING ...................................................................................................... 76
MATERIAL COSTING ...................................................................................................... 100
FACTORY OVERHEAD ................................................................................................... 112
BREAK EVEN ANALYSIS .............................................................................................. 117
ABSORPTION/MARGINAL COSTING........................................................................ 128
LABOR ................................................................................................................................. 134
COST CYCLE ...................................................................................................................... 139
JOB ORDER
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