FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS
COST MANAGEMENT
Unit-I
Introduction to Cost Management and Basic Cost Management Concepts. A Systems Framework; Factors Affecting Cost Management; Cost Assignment – Direct Tracing and Allocation – Functional-based and Activity-based Cost Management Systems.
Unit-II
Cost Behavior – Basics – Resources, Activities and Cost Behavior – Methods for Separating Mixed Costs into Fixed and Variable Components. Reliability of Cost Formula Cost Estimation using Multiple Regression – The Learning Curve and Non-Linear Cost Behavior.
Unit-III
Activity-based Costing – Functional-based Product Costing – ABC Costing System-product and Service Costing – Job Order System – Characteristics of the Production process – Single and Multiple Overhead Rates – An Overview of Cost Allocation – Allocating one Department’s Costs to Another Department.
Unit-IV
Decentralization and Responsibility – Accounting Performance Evaluation – Investment Centers – Transfer Pricing – Setting Transfer Prices.
Unit-V
Strategic Cost Management Basic Concepts – Value Chain Analysis – Lifecycle Cost Management – JIT and its Effect on Cost Management System – Activity-based Management – The Balanced Scorecard – Strategic-based Control.
