STANDARD COSTING
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Standard costing is a technique which was uses standard for costs and revenues for the purpose of control through variance…
COST-VOLUME-PROFIT, CVP ANALYSIS
We know that the relationship between Sales,Cost and Profit Sales-Variable cost = Contribution Contribution – Fixed cost =Profit From above…
Perpetual Inventory System
This means a system by which information about stock of materials etc is always available.Bin cards material cards and store…
Bill Of Material
A specification of material is complete schedule of materials, parts etc required for particular job or work order prepared…
Cost Audit
Audit of cost accounts in India can be traced back to the year 1925 when large number of firms were…