1. Classification of Costs 2. LLearning Objectivesearning Objectives • Cost Methods & Cost Techniques • Costing Systems/Methods • Cost Classification • Cost Sheet…

1 CLASSIFICATION OF COSTS: Manufacturing We first classify costs according to the three elements of cost: a) Materials b) Labour c) Expenses Product and Period Costs: We…

1 CLASSIFICATION OF COSTS: Manufacturing We first classify costs according to the three elements of cost: a) Materials b) Labour c) Expenses Product and Period Costs: We…

Muhammad Fahim Khan Chapter 2 Cost Terms, Concepts, and Classifications Learning Objectives LO1. LO2. LO3. LO4. LO5. LO6. LO7. Identify and give examples of each of the three…

Subhash sahu (cs executive student of jaipur chapter) 1 CLASSIFICATION OF COSTS: Manufacturing We first classify costs according to the three elements of cost: a) Materials…

CLASSIFICATION OF COSTS Dr.Smita Sahoo What is Cost? “Cost is a measurement, in monetary terms, of the amount of resources used for the purpose of production of goods or…

1. PUNJAB COLLEGE OF TECHNICAL EDUCATION, LUDHIANACOURSE PLANName of Coach: Shilpa Jain Subject Name: Accounting & Financial Management Subject Code:MC103 Internal Assessment…

1. F2/FMA Management Accounting ACCA Knowledge LevelFIA Level 2. Unit 1 – Information for Management Data is a scientific term for facts, figures,information and processing.…

1. 1CLASSIFICATION OF COSTS: ManufacturingWe first classify costs according to the three elements of cost:a) Materials b) Labour c) ExpensesProduct and Period Costs: We also…

Slide 18-1 Copyright © 2004 by Nelson, a division of Thomson Canada Limited. Variable Costing: Segmented Reporting and Performance Evaluation 8 PowerPresentation® prepared…