Theory of cost

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Discuss the objectives of cost accounting?

Distinguish between cost and financial accounting?
Distinguish between cost and management accounting?
Discuss the steps to be followed before installing a costing system in a

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concern?
What is cost centre and cost unit?
What is perpetual inventory and continuous stock taking?
What is A.B.C analysis?
What is idle time? what are its causes and treatment in cost accounting?
What is over time wages and treatment in cost accounting?

10.What is labour turnover ?discuss its causes?

11.Advantages and Disadvantages of group bonus Scheme?
12.What is activity based costing and state its features ?distinguish it from
traditional cost accounting?
13. Distinguish between cost allocation and cost apportionment?
14. What is under/over absorption of overhead? What are their causes?
How they are treated in cost accounting?
15. What is EBQ?
16. What is cost + contract and escalation clause?
17. What is service costing? what are its features and uses?
18. Distinguish between service costing and output costing?
19. What are the features of process costing?
20. Name some industries where process costing is applied?
21. What is CVP analysis?
22. What is angle of incidence?
23. What is budget? what is the difference between budget and budgetary
control?
24. What is standard cost and standard costing?

25. Distinguish between standard costing and budgetary costing?