Where cost and financial accounts are maintained in a combined way, the system is called…

A Cost Sheet or Cost Statement is “a document which provides detailed cost information” on the basis…

Labour is one of the most important factors of production. Even in this tech…

CIMA London, defines Service Costing as “that form of operation costing which applies where…

Industries where two or more products of equal or unequal importance are produced…

The chapter of Joint & By-Products is extension of Process Costing chapter because…

Process basically means a series of actions that you do for a particular purpose…

This method of costing is used in Job Order Industries where the production is as per the requirements of the customer…