Cost Accounting-Nature and scope- Cost analysis, concepts and classifications – Installation of costing systems, cost centers and profit centers – Cost Control Accounts.

Cost sheets- tenders-Quotation. Reconciliation of cost and financial accounts.

Material purchase control, Level, aspects, need and essentials of materials control. Stores control – Stores department. EOQ – Stores records – ABC analysis – VED analysis– JIT Approach – Pricing of issue of materials – Simple and Weighted Average Method, FIFO, LIFO, and HIFO.

Labour cost – Labour Cost Sheet – Computation and control. Time keeping Methods of wage payment – Time rate and Piece rate system. Payroll procedures. Idle time and over time. Labour turnover.

Meaning of Overheads – Classification, Allocation, apportionment and absorption overheads Accounting and control of overheads – Manufacturing, Administration, Selling and Distribution. (Primary and Secondary Distribution). Machine Hour Rate.