Tag: cost accounting

Collection of Overhead or Factory Overhead The collection of overhead is the process of recording each item of cost in the book of accounts maintained for the purpose of …

Methods of Segregation of Semi-Variable overhead The semi-variable overhead gives a lot of problem to management in cost analysis. The reason is that the management is not able to …

 What is Overhead? Overhead is the cost of material, labour and expenses, which cannot be easily identified with any, job or process. The costs, which cannot be identified or …

What are materials? Materials constitutes major portion of the total cost of the product. Supplies are also used for the manufacture of product. Both materials and supplies are collectively …

The various cost concepts should be understood by every reader. If so, one can easily understand the standard cost and standard costing. Hence, some of the cost concepts are …

Weaknesses of Traditional Cost Accounting System Providing inaccurate costing information leads to taking of wrong decisions by the top management if used for control purposes or for fixing selling …

Differences between Cost Accounting and Management Accounting Management accounting and Cost accounting differ from one another. This article lists out 15 such differences as follows. The following article may …