Introduction to Process Costing
Operating Costing-
Cost Accounting has been conventionally related with manufacturing companies. Though in the current competitive market, cost accounting has been more and more applied in service industries such as insurance companies, banks, transportation organizations, hospitals, passenger transport and railways, electricity generating companies, hotels, road maintenance, road lighting, canteens, educational institutions, port trusts and various other service organizations. The costing method applied in these industries is termed as 'Operating Costing'. As per to the Institute of Cost and Management Accountants [UK] operating costing is, 'that type of operating costing that applies in which standardized services are offered either through an undertaking or through a service cost center in an undertaking'.
NATURE OF OPERATING COSTING
The major purpose of operating costing is to calculate the cost of the services that are offered by the organization.
For doing this, it is essential to decide the unit of cost in such types of cases. The cost units change from industry to industry. For instances, cost per ton kilometer is to be determined while in case of passenger transport, in goods transport industry, cost per passenger kilometre is to be calculated.
The next step is to collect and identify several costs with in different headings. The headings that are used are as follow:
Ø Fixed or standing charges
Ø Semi-fixed or maintenance charges
Ø Variable or running charges.
One of the significant features of operating costing is that mainly such costs are fixed in nature. For instance, in case of passenger transport organization, mainly the costs are fixed when few costs such as diesel and oil are variable and relies on the kilometres run
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Process Costing homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Process Costing, project ideas and tutorials. We provide email based Process Costing homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Process Costing. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Process Costing. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Magnetism tutorial all along with the key concepts of Magnetization, Diamagnetism, Paramagnetism, Ferromagnetism, Curie-Weiss Law, Spontaneous Magnetization, Domain Theory of Ferromagnetism, Bloch Wall, Antiferromagnetism
Your search for a trustworthy Electricity-Magnetism and Modern Physics Assignment Help ends here! Let PhD tutors secure top grades!
tutorsglobe.com skin assignment help-homework help by online receptor organs tutors
tutorsglobe.com poultry assignment help-homework help by online applied biology tutors
tutorsglobe.com normal flora of the skin assignment help-homework help by online normal flora of the body tutors
Nervous Coordination and Sense Organs tutorial all along with the key concepts of Organization of Nervous System, Central Nervous System, Peripheral nervous system and Sense Organ
Elements of Group 14 tutorial all along with the key concepts of Occurrence, Extraction and Uses of Group 14, General Characteristics of group 14, Multiple Bonding and Catenation
Monosaccharides tutorial all along with the key concepts of Structure of glucose, Projection and perspective formulas, Fischer's projection, Measurement of optical activity and Haworth's projection formula
origin, evolution and structure of galaxies tutorial all along with the key concepts of active galactic nuclei, galaxy properties and correlations, classification of galaxies and cosmic structure formation
theory and lecture notes of applications of determinants and matrices all along with the key concepts of area of a triangle, heron's formula, determinants, test for collinear points, cramer's rule and cryptography. tutorsglobe offers homework help, assignment help and tutor’s assistance on applications of determinants and matrices.
each task description should identify inputs, their sources. and due dates. outputs or task results should be indentified and described as to where each result goes.
build up a 3 phase, single layer concentric type of winding for a 2 pole ac machine comprising 24 slots.
In a species, differences are caused through the alterations in the environment or any alterations in the innate genetic setup of an organism or through the combination of both.
www.tutorsglobe.com offers concurrent development model homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
www.tutorsglobe.com free tutorials on system development life cycle method, systems analysis methods- it is a step-by-step, structured process for the development of a system. this process draws upon the engineering approach to the analysis and solution of complex problems.
1937345
Questions Asked
3689
Tutors
1446806
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!