Marginal Cost is the additional cost which is incurred for an additional unit manufactured & sold by an organisation beyond the regular level of activity.
Eg. Cost of producing 100 units is Rs.200,
101 units manufactured cost Rs. 202,
therefore the marginal cost is...
Marginal Costing & Decision Support System
Nature and Scope of Marginal Costing
Marginal Costing is the technique of segregating fixed and variable costs and thereafter arriving at the cost which would vary in proportion to the volume of production or sales.
Experts defines the Marginal...
ACTIVITY BASED MANAGEMENT& ACTIVITY BASED COSTING
Activity- based Management is implemented through Activity- based Costing. Thus Activity- based Costing is a subset of Activity- based management.
Cooper and Kaplan developed Activity- based Costing in 1988. The limitations of traditional...
Dear friends,
In ppt following topic are covered
1. Methods of costing
2. Job costing
3. Contract costing
4. Operation or service costing
:SugarwareZ-120:
The costs that vary with a decision should only be included in decision analysis. For many decisions that involve relatively small variations from existing practice and/or are for relatively limited periods of time, fixed costs are not relevant to the decision. This is because either fixed costs...
KAIZEN COSTING : ~
Kaizen costing is a cost reduction system. Yashihuro Moden defines kaizen costing as "the maintenance of present cost levels for products currently being manufactured via systematic efforts to achieve the desired cost level." The word kaizen is a Japanese word meaning...
Contract costing is the tracking of costs associated with a specific contract with a customer. For example, a company bids for a large construction project with a prospective customer, and the two parties agree in a contract for a certain type of reimbursement to the company.
Please check...
Uniform Costing is not a specific method of costing. It is only a system where several undertakings use a common set of costing principles, practices and procedures. The main objective of uniform costing is that the different undertakings in an industry should adopt a common method of costing...