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Cost Concept: Presented By: Ashish Goyal

The document outlines key cost concepts and costing methods. It discusses the principles of direct and indirect costs. It explains the stages of cost finding as prime cost, factory cost, total cost, and cost of sales. It then covers absorption costing and marginal costing, outlining their different approaches to fixed and variable costs. The document also reviews different methods of costing like job, process, and multiple costing. It concludes by discussing techniques like standard costing and analyses like differential costing.

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152 views

Cost Concept: Presented By: Ashish Goyal

The document outlines key cost concepts and costing methods. It discusses the principles of direct and indirect costs. It explains the stages of cost finding as prime cost, factory cost, total cost, and cost of sales. It then covers absorption costing and marginal costing, outlining their different approaches to fixed and variable costs. The document also reviews different methods of costing like job, process, and multiple costing. It concludes by discussing techniques like standard costing and analyses like differential costing.

Uploaded by

ashishmission2020
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Cost Concept

Presented by:
Ashish Goyal
Roadmap

•Principles & Concepts

•Stages in Cost Finding

•Absorption Costing & Marginal Costing

•Methods of Costing

•Techniques of Costing
Principles & Concepts

•Direct Concept

•Indirect Concept
Stages in Cost Finding

•Prime Cost

•Factory Cost

•Total Cost

•Cost of Sales
•Absorption Costing

•Marginal Costing
1. Net Turnover

2. Production Cost of Sales


Direct Material, Labor, Production Overhead

3. Gross Profit (1-2)

4. Non Production Overhead


Selling Overhead, Distribution Overhead,
R & D, Admin. Expenses

5. Net Profit Before Tax (3-4)


1. Net Turnover

2. Variable Cost of Sales


Direct Material, Labor, Other Variable Overheads

3. Contribution (1-2)

4. Total Fixed Cost


Production Overhead, Selling & Distribution Overhead,
R&D Cost, Interest

5. Net Profit Before Tax (3-4)


Methods of Costing

•Job Costing

•Process Costing

•Multiple or Composite Costing

•Farm Costing
Techniques of Costing

•Absorption Costing

•Marginal Costing

•Standard Costing

•Standard – Marginal Costing

•Uniform Costing
Other Techniques

•Differential Cost

•Cost Relevance Study

•Cost Benefit Analysis


Thank You

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