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…

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Submitted by: Kapeel Kumar COST ACCOUNTING FINAL PROJECT SUBMITTED TO: A MIR FEROZ SHAMSI Submission Date: Feb, 21-2010 TABLE OF CONTENTS 1) Acknowledement ………………………………………………...3…

MACN 301 Management Accounting: Notes Page |1 OWN Research to STILl:............................................................................................................................7…

Classification of cost 1. By the nature of the item (a natural classification). 2. With respect to the accounting period to which they apply. 3. By their tendency to vary…

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CONTENTS : SPECIAL FORMULAS TO LEARN :................................................................................................................11 Learning curve......................................................................................................................................11…

1. Exercises Chapter 3 1. Manufacturing Costs 1 FOH Rate to Direct Labour Direct Labour= 800000 FOH = 640000 FOH Rate= 80% 2 Work in Process Ending = 140000 Less Direct Labour=…