B.Com 5th Sem Costing Methods Questions and Answers
- Unit 1 Introduction to Costing Methods Questions and Answers
- Unit 2 Job and Batch Costing Questions and Answers
- Unit 3 Process Costing Questions and Answers
- Unit 4 Contract Costing Questions and Answers
- Unit 5 Operating Costing Questions and Answers
B.Com 5th Sem Costing Methods Syllabus
Unit 1: INTRODUCTION TO COSTING METHODS (04 Hrs)
Costing methods. Meaning, Importance, and Categories.
Unit 2: JOB AND BATCH COSTING (12 Hrs)
Job costing: Meaning, prerequisites, job costing procedures, Features, objectives, applications, advantages, and disadvantages of Job costing. Batch costing: Meaning, advantages, disadvantages, determination of economic batch quantity. Comparison between Job and Batch Costing, problems.
Unit 3: PROCESS COSTING (14 Hrs)
Introduction, meaning and definition, Features of Process Costing, applications, comparison between Job costing and Process Costing, advantages and disadvantages, treatment of normal loss, abnormal loss and abnormal gain, rejects and rectification – Joint and by-products costing, problems under the reverse cost method.
Unit 4: CONTRACT COSTING (14 Hrs)
Meaning, features of contract costing, Applications of contract costing, similarities and dissimilarities between job and contract costing, the procedure of contract costing, profit on incomplete contracts, Problems.
Unit 5: Operating Costing (12 Hrs)
Introduction, Meaning and application of Operating Costing, – Power house costing or boiler house costing, canteen or hotel costing, hospital costing (Theory only) and Transport Costing. Problems on Transport costing.