This power point presentation related to process costing. which is useful to students who studying B.com, BBA,M.COM MBA etc.
It involves short notes on definition of process costing,its features,applications,difference between process costing and job costing, advantages and disadvantageous of process costing, procedure of process costing,format of process account, process losses and abnormal gain.
Process costing explained with examples free of cost .It is for students of managerial accounting ,read this to quickly go through process costing.
http://www.brightscholarships.com
Twitter @scholarshipskys
In this slide presentation you will be introduced to the methods of Cost Accounting and why business organizations should follow methods of cost accounting impeccably. In this it is important to establish budget and actual cost of operations, processes, departments or products and the analysis of variances, profitability or social use of funds. This Slideshare will offer insight to entrepreneurs.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
This Slideshare is the sole Property of the Welingkar School of Distance Learning – Reproduction of this material , without prior consent, either wholly or partially will treated as a violation of copyright.
01.Understand the concept of ‘Overheads’.
02.Understand classification, allocation, apportionment and absorption of overheads.
03. Understand the Primary and Secondary Distribution of Overheads.
04. Understand the Traditional & Activity Based Costing methods
05. Identify the value added & non value added activity
This power point presentation related to process costing. which is useful to students who studying B.com, BBA,M.COM MBA etc.
It involves short notes on definition of process costing,its features,applications,difference between process costing and job costing, advantages and disadvantageous of process costing, procedure of process costing,format of process account, process losses and abnormal gain.
Process costing explained with examples free of cost .It is for students of managerial accounting ,read this to quickly go through process costing.
http://www.brightscholarships.com
Twitter @scholarshipskys
In this slide presentation you will be introduced to the methods of Cost Accounting and why business organizations should follow methods of cost accounting impeccably. In this it is important to establish budget and actual cost of operations, processes, departments or products and the analysis of variances, profitability or social use of funds. This Slideshare will offer insight to entrepreneurs.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
This Slideshare is the sole Property of the Welingkar School of Distance Learning – Reproduction of this material , without prior consent, either wholly or partially will treated as a violation of copyright.
01.Understand the concept of ‘Overheads’.
02.Understand classification, allocation, apportionment and absorption of overheads.
03. Understand the Primary and Secondary Distribution of Overheads.
04. Understand the Traditional & Activity Based Costing methods
05. Identify the value added & non value added activity
A power point presentation describing some basic definitions, father of cost accounting, Indian aspect of cost accounting and Various Methods and Techniques of costing.
Presented by: Aquib Ali, Ajay Gupta and Ashwin Showi. (M.Com students)
at the Bhopal School of Social Sciences(BSSS) on 6 September, 2017
process costing valuation of work in progress cost accountingSWATI SAXENA
what is process costing, what is work in progress , valuation of work in progress , methods of valuation of work in progress-fifo,lifo , average method of valuation of work in progress ,features of process costing limitations of process counting
MANAGERIAL ECONOMICS FROM ISLAMIC PERSPECTIVES (PROFIT MAXIMIZATION)Afifah Nabilah
An individual assignment for Managerial Economics subject. The topic discussed in the report is MANAGERIAL ECONOMICS FROM ISLAMIC PERSPECTIVES on the Profit Maximization.
Application Case - Recruiting In Europe (Human Resource Management) Afifah Nabilah
The group assignment for Human Resource Management class. We have to analyze the application case of Recruiting Europe and answer the questions respectively.
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Case Analysis: The Battle for Value, 2004: FedEx Crop vs United Parcel Servic...Afifah Nabilah
This is a group case analysis for Corporate Finance (FIN 4040) subject. We have to analyse a case entitled The Battle for Value, 2004: FedEx Crop vs United Parcel Service Inc.
Application Case - Recruiting In Europe (Human Resource Management)Afifah Nabilah
The group assignment for Human Resource Management class. We have to analyze the application case of Recruiting Europe and answer the questions respectively.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
2. Sequence of continuous or repetitive
operations or processes.
Determine the cost per unit of product where
identical product is produced for all
customers.
It is not possible to readily identify specific
quantities of input with each unit of output.
3. Outputs produced are homogenous.
Production process is carried on in different stages having a
continuous flow.
Output is uniform and all units are identical
Input will pass through 2 or more processes.
Output of each process becomes input for the next process
until the final product is obtained.
The output of each process may be saleable to generate some
profits.
The input of a process may be acquire from outside sources.
4. Same basic purpose: to calculate unit cost.
Same manufacturing account.
The flow of costs through manufacturing
account is basically the same.
Similari
ties:
5. JOB ORDER COSTING PROCESS COSTING
Each job is different All products are identical
Costs are accumulated by
job
Costs are accumulated by
department
Costs are captured on job
cost sheet
Costs are accumulated on a
department production report
Unit costs are computed
by job
Unit costs are computed by
department
Differen
ces:
6.
7. Dr. Work In Progress
Cr. Raw Material Inventory
Cr. Factory Labor
Cr. Manufacturing Overhead
8. Dr. Department (which is related)
Cr. Work In Progress
Dr. Finished Goods Inventory
Cr. Department (which is related)
9. Dr. Cost of Goods Sold
Cr. Finished Goods Inventory
Dr. Accounts Receivable/Cash/Bank
Cr. Sales
10. Units in the beginning inventory
Units started, or transferred-in, during the
month
Units started during the current month and
finished during the current month
Units completed
Units in the ending inventory
Spoiled or lost units
11. Unavoidable losses due to the nature of the material or
process.
The quantity of normal loss anticipated is determined from
past experience and material specification. The cost is
absorbed by the completed output.
The value of scrap of normal loss units is deducted from the
direct material cost.
Normal loss never receives a share of the process cost.
12. Credit the quantity of loss in process account
Deduct the scrap value from process cost
Open a Normal Loss account:
Dr quantity and value of loss
Cr Process Account (scrap value)
• Has Scrap Value
13. No normal loss expected or loss in excess.
It is treated as an expense.
Dr. Abnormal Loss Account
Cr. Process Account
Has potential scrap value:
Dr. Bank/Cash
Dr. Income Summary
Cr. Abnormal Loss
14. Actual loss is less than the expected loss.
Debited to process account and valued
exactly as the same cost per unit of output
transferred.
15. Equivalent units for CWIP =
Completion degree x Closing WIP inventory units
Total Equivalent Units =
Completed Units + Equivalent Units in WIP
Cost per Equivalent Units (CPU) =
Cost for the period
Total equivalent units for the period
