CONTENTS
11.Marginal Costing
11.1.Introduction
11.2.Classification of Cost
11.3.Concept of Marginal Costing
11.4.Forms of Operating Statement
11.5.Basic Concepts of Marginal Costing
11.6.Graphical Presentation of Cost-Volume-Profit Relationships
11.7.Practical Applications of Marginal Costing
11.8.Problem of the Key Factor
11.9.Multiplicity of the Key Factor
11.10.Limitations of Marginal Costing
11.11.Summary
11.12.Keywords
11.13.Illustrative Problems
11.14.Self-assessment Questions
12.Budgetary Control
12.1Introduction
12.2Advantages of Budgetary Control
12.3Pre-requisites for the Implementation of Budgetary Control
12.4Types of Budgets
12.5Summary
12.6Keywords
12.7Illustrative Problems
12.8Self-assessment Questions
13.Standard Costing 133
13.1 Introduction
13.2 Concept of Standard Cost and Standard Costing
13.3 Advantages of Standard Costing
13.4 Limitations of Standard Costing
13.5 Comparison of Standard Costing and Budgetary Control
13.6 Preliminaries for Establishing Standard Costing System
13.7 Basic and Current Standards
13.8 Analysis of Variances
13.9 Summary
13.10 Key Words
13.11 Illustrative Problems
13.12 Self-assessment Questions
14.Uniform Costing 193
14.1 Introduction
14.2 Scope of Uniform Costing
14.3 Requisites for Uniform Costing
14.4 Advantages and Disadvantages of Uniform Costing
14.5 Fields covered by Uniform Costing
14.6 Uniform Cost Manual
14.7 Summary
14.8 Keywords
14.9 Self-assessment Questions
Appendix A: Suggested Reference Books 201