Spare
Fri, 10/06/2011 - 9:11amCosting :
Cost classification : a) Prime costs and overheads, (b) Direct or variable or marginal costs and fixed costs—imputed, opportunity and sunk cost concepts—Perpetual inventory system for materials—Booking of labour time.
Full cost methods or Absorption costing : Job costing, Process costing and contract costing—Allocation and apportionment of overhead costs through various bases.
