logging in or signing up Elements of cost aSGuest14704 Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 9707 Category: Entertainment License: All Rights Reserved Like it (4) Dislike it (2) Added: March 14, 2009 This Presentation is Public Favorites: 3 Presentation Description No description available. Comments Posting comment... By: drgan (45 month(s) ago) A neat and nice presentation of the content. Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript COST ANALYSIS &ELEMENTS OF COST : COST ANALYSIS &ELEMENTS OF COST Slide 2: Classification Of Cost According to…….. Nature Function Identifiably Behavior Association With Products Controllability Normality Time Relevance Other Costs Slide 3: Classification Of Cost According To Nature Or Elements Materials Cost Labour Cost Expenses MATERIAL COST : MATERIAL COST DIRECT MATERIAL COST : DIRECT MATERIAL COST IT IS A COST OF MATERIALS WHICH ENTER INTO & FORM PART OF PRODUCT e.g. - timber in furniture – making - clay in brick making INDIRECT MATERIAL COST : INDIRECT MATERIAL COST IT IS THE COST OF MATERIAL WHICH DO NOT FORM THE PART OF PRODUCT BUT WHICH HELP THE PRODUCTION e.g LUBRICATING OIL , FUEL etc. Small items like thread, gum , nails etc Though forms part of product but difficult to calculate cost per unit of that material ----so consider as direct material LABOUR COST : LABOUR COST Labour cost : Labour cost “The labour cost is the cost of remuneration of the employees of an undertaking.” such as Wages, salaries, commissions, bonus, etc. There are two types of labour cost are Direct Labour cost Indirect Labour cost EXPENSE COST : EXPENSE COST Expenses cost : Expenses cost “The cost of services provided to an undertaking and the notional cost of the use of owned assets.” Expenses are two types Direct Expenses Indirect Expenses OVERHEADS : OVERHEADS Overheads : Overheads “The aggregate of Indirect material cost, Indirect wages and Indirect expenses” Three types such as Indirect material cost Indirect labour cost Indirect expenses Indirect expenses overheads : Indirect expenses overheads Factory overheads Office & administration overheads Selling & distribution overheads Elements of cost : Elements of cost Prime cost Overheads Direct Direct Direct Material labour expenses Indirect Indirect Indirect Material Labour Expenses Factory Office & Selling & distribution Overheads administration overheads o overheads You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.