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| No. | Modules/Units |
| 1 | Budgeting and Budgetary Control: |
| Meaning & objectives, Advantages and limitations of budgets. Functional budgets, fixed and flexible budgets. Zero based budgeting, performance budgeting. Practical problems of preparing flexible budgets and functional budgets. | |
| 2 | Absorption Costing and Marginal Costing, Cost Volume and Profit Analysis: |
Absorption Costing and Marginal Costing:
Meaning of absorption costing,
Introduction to marginal costing.
Distinction between absorption costing and marginal costing.
Advantages and limitations of marginal costing.
Cost Volume and Profit Analysis:Break even analysis meaning and graphic presentation. Margin of safety. Key factor. Practical problems based on using the marginal costing formulae. |
|
| 3 | Managerial Decision Making: |
| Make or buy. Sales mix decisions. Exploring new markets. Plant shut down decision. Practical problems. | |
| 4 | Standard Costing and Variance Analysis: |
| Preliminaries in installing of a standard cost system Material Cost variance Labour cost variance Variable overhead variances Fixed Overhead variances Sales variances Practical problems |
| No. | Modules/Units |
| 1 | Budgeting and Budgetary Control: |
| Meaning & objectives, Advantages and limitations of budgets.
Functional budgets, fixed and flexible budgets. Zero based budgeting, performance budgeting. Practical problems of preparing flexible budgets and functional budgets. |
|
| 2 | Absorption Costing and Marginal Costing, Cost Volume and Profit Analysis: |
| Absorption Costing and Marginal Costing:
Meaning of absorption costing, Introduction to marginal costing. Distinction between absorption costing and marginal costing. Advantages and limitations of marginal costing. Cost Volume and Profit Analysis:Break even analysis meaning and graphic presentation. Margin of safety. Key factor. Practical problems based on using the marginal costing formulae. |
|
| 3 | Managerial Decision Making: |
| Make or buy.
Sales mix decisions. Exploring new markets. Plant shut down decision. Practical problems. |
|
| 4 | Standard Costing and Variance Analysis: |
| Preliminaries in installing of a standard cost system
Material Cost variance Labour cost variance Variable overhead variances Fixed Overhead variances Sales variances Practical problems |
