Tag Archives | Cost Concept

Top 3 Methods of Costing | Financial Management

This article throws light upon the top three methods of costing. The methods are: 1. Job Costing 2. Process Costing 3. Multiple Costing. Method # 1. Job Costing: Job costing is system of costing in which costs are ascertained in terms of specific job or order which are not comparable with each other. The unit of costing in this method [...]

By |2016-06-22T16:17:23+05:30June 22, 2016|Cost|Comments Off on Top 3 Methods of Costing | Financial Management
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Installation of a Costing System: 5 Major Difficulties

This article throws light upon the five major difficulties faced during the installation of a costing system. The difficulties are: 1. Lack of Support from Top Management 2. Resistance from the Existing Staff 3. Non-Co-operation at Other Levels 4. Shortage of Trained Staff 5. Heavy Costs. Difficulties in Installation of a Costing System: Lack of Support from Top Management Resistance [...]

By |2016-06-22T16:17:23+05:30June 22, 2016|Cost|Comments Off on Installation of a Costing System: 5 Major Difficulties
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