Cost Accounting

Job costing is one of the methods of costing. It is also known as job order costing. In this system, work is undertaken to customer’s…

Allocation and Apportionment of Overheads Overheads are common costs incurred for the benefits of a number of costs centers or cost units. Therefore, they cannot…

Overhead is those costs required to run a business, but which cannot be straight attributed to any particular business activity, product, or service. A manufacturing…

Contract costing is a way of providing a quotation for especially large and long term projects that will usually be performed over a number of…

At the end of an accounting period, it may be found that certain contracts have been completed while others are still in process and will…

Job costing is one of the methods of costing. It is also known as job order costing. In this system, work is undertaken to customer’s…

Overhead Overhead is those costs required to run a business, but which cannot be straight attributed to any particular business activity, product, or service. A…

The efficiency of labor means the useful capacity of a worker. The working capacity of the labor is called his efficiency being given the saint…

Factors that seriously considered in selecting method of remuneration Remuneration has been defined as the reward for labor and services rendered. All business organizations should…

Basic Principles of Labor Remuneration Remuneration has been defined as the reward for labor and services rendered. All business organizations should have a proper method…