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ENT 223 Cost Accounting National Open University Of Nigeria PDF ENT 223 Cost Accounting National Open University Of Nigeria.pdf DOWNLOAD HERE NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF MANAGEMENT
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Hi in this video I am going to explain cost sheet so what is the meaning of cost sheet it calculated and summarized the total cost of production so generally if you take any product the cost of product can be classified into three categories first one let us seethe elements of cost elements of cost means water all the cause involving in the production process that combinedacordes elements of cost, so generally cost can be classified into three categories first one material cost which is in turn at a time of acquiring the raw material from the supplier that cost is called material cost that is a major portion of cost and second one labor cost means the wages paid to labor it those who are directly involving in production processing#39’s called labor cost and third one other expense any other expenses that ISA after material cost and labor cost you will incur some other expenses which is related to production is called other expense would explain what all the other expenses which is related to material labor and other expenses if you take all these things material also classified into two categories one indirect material other one is in directed material constant that the material cost means an amount paid at the time of acquiring the raw material raw materialist is an important thing which is required for production that expense miscalled direct material and any other material cost which is not directly involved for production, but it is also important thing which is comes on an element of course is called indirect material cost and second one labor, so labor also classified into twocategoriesdirect labor other one is indirect labor cost so direct labor means of the people involving in the production process they entitled to get wage from the company that expense is called direct labor they are directly involving into production process indirect labor cost means this amount that is the employee those whore involving in the organization they are doing some work they also entitled to get the salary from the company, but they are not directly involving in production process that extends that wage or that salary incomes under indirect labor and third one other expenses again other expenses classified into two categories one means direct other expense another one is indirect other expenses, so direct expense means any expenses which indirectly involving in production process apart from material labor some other expenses, but this expense incurred directly for production process iscalleddirect other expense indirect other expense means which is also expense but which is not directly involving introduction processes for indirect other expenses now all these indirect expenses that is indirect material that is with indirect material indirect labor and indirect other expenses all these three indirect expense combined Li called as overheads means indirect Ones it may be indirect material it maybe indirects labor cost or indirect other expenses, so this is...

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PDF on cost accounting refers to a document in PDF format that contains information and content related to cost accounting. It could be a textbook, a guide, a whitepaper, or any other informational resource specifically focused on cost accounting principles, techniques, methods, and concepts. These PDFs typically provide detailed explanations and examples to help individuals understand and apply cost accounting in various business scenarios. They may cover topics such as cost classification, cost allocation, cost-volume-profit analysis, budgeting, variance analysis, and other aspects of cost accounting.
Cost accountants or individuals responsible for tracking and analyzing the costs incurred by a company or organization are typically required to file PDFs on cost accounting. This can include cost accountants employed within the organization or external accountants hired for this specific purpose. The PDFs on cost accounting could include reports, analysis, projections, or other relevant documents related to the cost accounting process.
To fill out a PDF on cost accounting, you can follow these steps: 1. Open the PDF document in a PDF editing software or application. Adobe Acrobat Reader is a popular choice for filling out PDF forms. 2. Use the "Text" or "Add Text" tool to select the fields or areas where you need to enter the information. This tool allows you to click on the desired field and start typing. 3. Move through the form by using the "Tab" key to navigate between fields or areas. This makes the process quicker and ensures you don't miss any fields. 4. Use the "Checkboxes" or "Radio Buttons" tool to select options if the form requires multiple choices. Click on the checkbox or radio button corresponding to your choice. 5. If the form requires numerical input, use the numeric keypad or regular keyboard to enter numbers or calculations. 6. Some PDF forms may have calculation functions built-in. If there are calculations involved (e.g., totals, subtotals), the form will automatically update as you enter the required data. 7. If there are signature fields, you may use the "Draw" tool to virtually sign your name. Alternatively, some PDF editors allow you to import an image of your signature. 8. Review the filled-out form to ensure all the necessary information has been provided and check for any errors or missing data. 9. Save the filled-out PDF with a new file name to preserve the original form as a template. 10. Print a copy of the filled-out PDF if needed, or simply save it digitally. Remember that the exact steps may vary slightly depending on the PDF editing software you are using.
The purpose of a PDF on cost accounting is to provide detailed and comprehensive information about the principles, concepts, and techniques used in cost accounting. It serves as a resource for professionals and students in the field of accounting, helping them understand the various methods and tools involved in analyzing and controlling costs within an organization. The PDF may cover topics such as cost classification, cost behavior, cost allocation, cost estimation, and cost management. It may also include case studies, examples, and exercises to help readers apply the concepts learned in practical scenarios. Overall, the purpose is to enhance the knowledge and skills related to cost accounting, enabling individuals to make informed decisions and improve the financial performance of businesses.
The information that must be reported in a PDF on cost accounting may vary depending on the specific requirements of the organization or the purpose of the report. However, some general information that can be included in a cost accounting PDF report are: 1. Introduction: Provide an overview and purpose of the report, including the period covered and the scope of the cost accounting analysis. 2. Cost Classification: Explain the different types of costs such as direct costs, indirect costs, fixed costs, variable costs, etc. Provide definitions and examples of each type of cost. 3. Cost Accumulation: Describe the methods used to accumulate costs, such as job costing, process costing, or activity-based costing. Explain how the costs are allocated to products, services, or departments. 4. Cost Measurement: Explain the steps involved in measuring costs, including the identification and analysis of cost drivers, cost objects, and cost centers. Discuss the importance of accurate cost measurement for decision-making. 5. Cost Analysis: Present various cost analysis techniques used in cost accounting, such as cost-volume-profit analysis, variance analysis, break-even analysis, and contribution margin analysis. Include examples and explanations of how these techniques can be applied. 6. Cost Control: Discuss strategies and tools used for cost control, such as budgeting, standard costing, cost reduction initiatives, and performance measurement systems. Highlight the importance of monitoring and managing costs to ensure profitability. 7. Cost Reporting: Explain the different types of cost reports that are generated in cost accounting, such as cost of goods sold reports, cost variance reports, production cost reports, etc. Discuss the format, frequency, and recipients of these reports. 8. Case Studies or Examples: Include practical examples or case studies to illustrate the application of cost accounting techniques in real-world scenarios. This can help readers understand how cost accounting is implemented and the benefits it provides. 9. Conclusion: Summarize the main findings and conclusions of the report. Discuss any recommendations or suggestions for improving cost accounting practices within the organization. 10. References: Provide a list of references or sources used to compile the information presented in the report. This helps readers validate the credibility of the information and allows them to explore further if needed. Note: The specific information to include in a cost accounting PDF report may vary based on the target audience, industry, and organizational requirements. It is important to tailor the report to meet the needs of the intended readership.
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