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Managing Costs Through Standard Costing and Budgetary Control

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PRODUCTION MANAGEMENT MANAGAING COST
What is cost? ,[object Object]
Classification of cost
 
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Standard Costing ,[object Object],[object Object],[object Object]
Uses of Standard Costing ,[object Object],[object Object],[object Object],[object Object]
Types of Standard Costing
Involves determination of:
WHAT IS A BUDGET ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Cost control and Cost reduction ,[object Object],[object Object]
How Cost reduction is achieved ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 

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Managing Costs Through Standard Costing and Budgetary Control