Cost Accounting -Paper-VI

Course Content

Chapter-1 Cost Accounting and Cost Accountant
Cost Accounting: Definition, Differences with Financial Accounting, Management Accounting; Cost-Benefit Approach in Decision Making; Different Costs for Different Purposes, Organization Structure and the Cost Accountant; Cost Accounting as a Profession and Professional Ethics.

Chapter-2 An Introduction to Cost Terms and Purposes:
Costs and Cost Terminology–Direct Costs and Indirect Costs, Factors Affecting Direct/Indirect Cost Classifications; Cost-Behvior Patterns: Variable Costs and Fixed Costs, Cost Drivers, Relevant Range; Relationships of Types of Costs, Total Costs and Unit Costs; Types of Inventory in Manufacturing, Merchandising-, and Service-Sector Companies; Commonly Used Classifications of Manufacturing Costs (Inventoriable Costs and Period Costs); Prime Costs and Conversion Costs, Different Meanings of Product Costs; A Framework for Cost Accountin

Chapter-3 Materials
Direct and Indirect Materials, Procurements of Materials, Storage of Material. Materials Record, Methods of Valuing Material Issues, Planning Material Requirements, Stock levels, EOQ, Safety Stock, Materials Control, Stock Verification and Adjustment.

Chapter-5 Labor
Measuring Labor Costs, Overtime Premium and Idle Time, Labor Cost Control, Method of Remuneration, Incentive Plans, Calculation of labor cost, Recording of labor cost.

Chapter-6 Overhead
Planning and Control of Overhead, Predetermined Manufacturing Overhead, Methods of Determining Allocation Ratios, Applied Manufacturing Overhead, Over and Under Applied Manufacturing Overhead, Administrative, Selling and Distribution Overhead, Accounting for Overheads.

chapter-7 Allocation of Support-Department Costs, Common Costs, and Revenues
Allocating Support Department Costs Using the Single-Rate and Dual-Rate Methods, Budgeted Versus Actual Costs, and the Choice of Allocation Base, Allocating Costs of Multiple Support Departments: Direct Method, Step-Down Method, and Reciprocal Method; Allocating Common Costs: Stand-Alone Cost-Allocation Method and Incremental Cost-Allocation Method; Cost Allocations and Contract Disputes, Bundled Products and Revenue Allocation Methods.

Chapter-8.1 Job Costing-Job Costing
Building-Block Concepts of Costing Systems, Job-Costing and ProcessCosting Systems, Job Costing: Evaluation and Implementation, Time Period Used to Compute Indirect-Cost Rates, Normal Costing and Actual Costing, Normal Job-Costing System in Manufacturing, General Ledger and Subsidiary Ledgers, Batch Costing and Contract Costing.

Chapter-8.2 Job Costing Contract COsting
Building-Block Concepts of Costing Systems, Job-Costing and ProcessCosting Systems, Job Costing: Evaluation and Implementation, Time Period Used to Compute Indirect-Cost Rates, Normal Costing and Actual Costing, Normal Job-Costing System in Manufacturing, General Ledger and Subsidiary Ledgers, Batch Costing and Contract Costing.

Chapter-9 Process Costing
Process Costing, Physical Units and Equivalent Units, Calculation of Product Costs, Journal Entries; Weighted-Average (WA) Method and First-In, First-Out (FIFO) Method, Transferred-In Costs in Process Costing, Spoilage and Scrap, Normal and Abnormal Spoilages, Procedure for Process Costing with Spoilage and Scrap.

Chapter-10 Service Costing
Accounting Systems of Transport Company, Educational Institute & Hospital.

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Course Content

Class Brief

Class-1 Requirements 1-12

Class-2 Requirements 13-16

Class-3 Requirements 17-20

Class-4 Requirements Extra

Chapter-3 Materials
Direct and Indirect Materials, Procurements of Materials, Storage of Material. Materials Record, Methods of Valuing Material Issues, Planning Material Requirements, Stock levels, EOQ, Safety Stock, Materials Control, Stock Verification and Adjustment.

Class Brief

Class-1 Requirements 1-7

Class-2 Requiremenets 8-14

Class-3 Requirements 15-22

Class-4 Requirements 23-30

Chapter-5 Labor
Measuring Labor Costs, Overtime Premium and Idle Time, Labor Cost Control, Method of Remuneration, Incentive Plans, Calculation of labor cost, Recording of labor cost.

Class Brief

Class-1 Requirements 1-4

Class-2 Requirements 5-8

Chapter-6 Overhead
Planning and Control of Overhead, Predetermined Manufacturing Overhead, Methods of Determining Allocation Ratios, Applied Manufacturing Overhead, Over and Under Applied Manufacturing Overhead, Administrative, Selling and Distribution Overhead, Accounting for Overheads.

Class Brief

Class-1 Requirements 1-7

Class Brief

Class-1 Requirements 1-4

Class-2 Requirements 5-9

Class Brief

Class-1 Requirements 1-8

Class Brief

Class-1 Requirements 1-6

Class-2 Requiremnets 7-11

Class Brief

Class-1 Requirements 1-5

Class-2 Requirements 6-10

Chapter-10 Service Costing
Accounting Systems of Transport Company, Educational Institute & Hospital.

Class Brief

CLass-1 Requirements 1-4

CLass-2 Requirements 5-8

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Developed by Shakil Khan.

Course Content

Class Brief

Class-1 Requirements 1-12

Class-2 Requirements 13-16

Class-3 Requirements 17-20

Class-4 Requirements Extra

Chapter-3 Materials Direct and Indirect Materials, Procurements of Materials, Storage of Material. Materials Record, Methods of Valuing Material Issues, Planning Material Requirements, Stock levels, EOQ, Safety Stock, Materials Control, Stock Verification and Adjustment.

Class Brief

Class-1 Requirements 1-7

Class-2 Requiremenets 8-14

Class-3 Requirements 15-22

Class-4 Requirements 23-30

Chapter-5 Labor Measuring Labor Costs, Overtime Premium and Idle Time, Labor Cost Control, Method of Remuneration, Incentive Plans, Calculation of labor cost, Recording of labor cost.

Class Brief

Class-1 Requirements 1-4

Class-2 Requirements 5-8

Chapter-6 Overhead Planning and Control of Overhead, Predetermined Manufacturing Overhead, Methods of Determining Allocation Ratios, Applied Manufacturing Overhead, Over and Under Applied Manufacturing Overhead, Administrative, Selling and Distribution Overhead, Accounting for Overheads.

Class Brief

Class-1 Requirements 1-7

Class Brief

Class-1 Requirements 1-4

Class-2 Requirements 5-9

Class Brief

Class-1 Requirements 1-8

Class Brief

Class-1 Requirements 1-6

Class-2 Requiremnets 7-11

Class Brief

Class-1 Requirements 1-5

Class-2 Requirements 6-10

Chapter-10 Service Costing Accounting Systems of Transport Company, Educational Institute & Hospital.

Class Brief

CLass-1 Requirements 1-4

CLass-2 Requirements 5-8

Student Ratings & Reviews

Happy New Year-2026

Chapter-3 Materials
Direct and Indirect Materials, Procurements of Materials, Storage of Material. Materials Record, Methods of Valuing Material Issues, Planning Material Requirements, Stock levels, EOQ, Safety Stock, Materials Control, Stock Verification and Adjustment.

Chapter-5 Labor
Measuring Labor Costs, Overtime Premium and Idle Time, Labor Cost Control, Method of Remuneration, Incentive Plans, Calculation of labor cost, Recording of labor cost.

Chapter-6 Overhead
Planning and Control of Overhead, Predetermined Manufacturing Overhead, Methods of Determining Allocation Ratios, Applied Manufacturing Overhead, Over and Under Applied Manufacturing Overhead, Administrative, Selling and Distribution Overhead, Accounting for Overheads.

Chapter-10 Service Costing
Accounting Systems of Transport Company, Educational Institute & Hospital.