Evaluation And Calculation Of Cost Accounting

3443 Words Mar 23rd, 2015 14 Pages
Executive summary: This assignment deals with the evaluation and calculation of cost accounting. In this assignment, we will discuss about the different types of costs that is related with the company, different methods of cost evaluation, appropriate techniques of cost accounting, preparation of routine cost report, to Use performance indicators to identify potential improvements, improvements to reduce costs, enhance value and quality, the purpose and nature of the budgeting process in business, appropriate budgeting methods for organization, Preparation of budgets according to the chosen budgeting method, Preparation of cash budget, Calculation of variances, identify possible causes and recommend corrective action etc.

Table of contents
Introduction……………………………………………………………………………...3
1.1 Different types of cost based on the following company information……………3
1.2 Use different costing methods applied in your chosen production/Manufacturing company………………………………………………………………………………….3
1.3 Calculate costs using appropriate techniques-FIFO, LIFO, AVCO from the given company data……………………………………………………………………..4
1.4 Analyze cost data using appropriate techniques from your chosen company data……………………………………………………………………………………….5
2.1 Prepare and Analyze routine cost reports for your company…………………….6
2.2 Use performance indicators to identify potential improvements of your company Operation………………………………………………………………………………...6…

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