What is the formula of Cost of Sales?

Techniques of Costing: In each of the costing methods, the following techniques may be used to ascertain costs: (1)...

Semi-variable costs are also known as semi-fixed costs. Such costs contain partly fixed and partly variable elements. They exhibit...

Cost Classification: (1) Direct cost can be directly identified with the finished products. (2) Indirect cost cannot be directly...

A fixed cost is that cost which remains unaffected by fluctuations in the levels of output. Fixed cost is...

OBJECTIVES OF COST ACCOUNTING : (1) Ascertainment of cost (2) Determination of selling price (3) Cost control and cost...

Classify the following items of cost and justify the same: (a) Indirect wages (b) Carriage outward (c) Depreciation...

Classify the following items into direct and indirect cost: Soln: Items Classification (i) Carriage expenses on raw materials...

NEED / IMPORTANCE / ADVANTAGES OF COST ACCOUNTING: (1) Determination of total cost: Cost accounting helps to account for...