Cost Accounting Problems and Solutions - Basics
1400 + Students - Basic Cost Accounting Concepts. Practice Cost Accounting Exam Easily.
Cost Accounting Problems and Solutions - Basics free download
1400 + Students - Basic Cost Accounting Concepts. Practice Cost Accounting Exam Easily.
The Course involves practice question answers of basic cost accounting concepts and formulae. There are practice question answers that can be used for revision for the cost accounting exam. The course will be a boon to beginners in cost accounting. Those who are beginners can learn the basic concepts and formulae in cost accounting. Those who are a little advanced in cost accounting can memorize and refresh their knowledge.
The cost accounting practice test can be used by the students to make quick revisions before or during their examination times. Those who are new to cost accounting can learn what cost accounting is.
Many students of cost accounting may be unaware of the basic concepts. They can sharpen their edges using the practice test question answers provided in this course.
The students of the cost accounting exam can face the examinations with confidence and enough practice.
The method of presenting cost accounting concept and formulae are in a simple manner. The students can learn and use these tests for present or future use. The students will feel how simple cost accounting is.
This will help to change the approach of the students toward cost accounting to be a positive one.
The course covers basic concepts like the meaning of different aspects of cost accounting, direct materials, inventory accounting methods, systems, FIFO, LIFO, Simple average, Weighted average, Direct labor, Calculation of wages using piece rate method, time rate method, Halsey Premium Plan, Rowan Plan, etc. Overheads, Allocation of overheads, Different types of allocation of overheads, ABC analysis, Absorption of overheads, Under absorption, over absorption, classification of the costs based on different aspects, normal loss, abnormal loss, and treatment of the same in cost accounting, cost sheet, marginal costing, break-even point, the margin of safety, break even analysis (Cost volume profit analysis), etc.
