Cost Elements, Concepts & Classification One Shot🔥| Cost Accounting |B.Com/BBA/MBA| Chapter Commerce
Chapter Commerce
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Cost Elements, Concepts & Classification One Shot🔥| Cost Accounting |B.Com/BBA/MBA| Chapter Commerce
13 105 просмотров · 3 месяца назад
Chapter Commerce
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13 105 просмотров · 3 месяца назад
Cost Elements, Concepts & Classification One Shot🔥| Cost Accounting |B.Com/BBA/MBA| Chapter Commerce
Playlist Of Cost Accounting- • Cost Accounting
Video Timestamps:
00:00 - Introduction to Cost Elements & Classification
01:00 - What is Cost? (CAS 1 Definition)
02:08 - 3 Main Elements of Cost
02:48 - Material Cost: Direct vs. Indirect Materials
13:54 - Labor Cost: Types & Examples
18:07 - Expenses: Direct vs. Indirect Expenses
21:36 - Understanding Overheads & Formula
27:31 - How to Calculate On-Cost (Percentage)
29:08 - Classification of Overheads (Factory, Office, Selling)
34:29 - Prime Cost & The Cost Chain Flow Chart
38:32 - 7 Bases of Cost Classification
42:47 - Classification by Behavior (Fixed, Variable, Semi-Variable)
49:04 - Numerical: Solving Fixed & Variable Cost Equations
56:54 - Classification for Decision Making (Marginal, Opportunity, Sunk Cost)
1:10:02 - Classification by Production Process (Batch, Process, Contract)
1:11:05 - Classification by Time (Historical, Standard, Estimated)
1:14:00 - Additional Terms: Controllable, Shut down & Conversion Cost
1:19:20 - Conclusion & Homework
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