B Com Exam > B Com Videos > Cost Accounting > Standards of Comparison - Cost Accounting Techniques, Cost Accounting
Standards of Comparison - Cost Accounting Techniques, Cost Accounting Video Lecture | Cost Accounting - B Com
|
106 videos|173 docs|18 tests
|
FAQs on Standards of Comparison - Cost Accounting Techniques, Cost Accounting Video Lecture - Cost Accounting - B Com
| 1. What are some commonly used cost accounting techniques in business? |  |
Ans. Some commonly used cost accounting techniques in business include job costing, process costing, activity-based costing, standard costing, and throughput accounting. These techniques help businesses accurately allocate and track costs to improve decision-making and cost control.
| 2. How does job costing differ from process costing? | |
Ans. Job costing is used when products or services are customized or unique, and costs are tracked for each specific job or project. Process costing, on the other hand, is used when products or services are produced in a continuous or repetitive manner, and costs are averaged over a period or a large number of units.
| 3. What is activity-based costing (ABC)? | |
Ans. Activity-based costing (ABC) is a cost accounting technique that assigns costs to products or services based on the activities that drive those costs. It recognizes that not all activities consume costs in the same way and aims to provide a more accurate allocation of costs by tracing them to specific activities.
| 4. How does standard costing help businesses? | |
Ans. Standard costing involves setting predetermined standards for various cost elements and then comparing actual costs against these standards. It helps businesses identify variances and deviations from expected costs, allowing them to take corrective actions, improve cost control, and make more informed decisions.
| 5. What is throughput accounting? | |
Ans. Throughput accounting is a cost accounting technique that focuses on maximizing the rate at which products or services generate net income for a business. It emphasizes the flow of products through various stages of production and identifies bottlenecks that limit the overall throughput. By optimizing these bottlenecks, businesses can enhance profitability and efficiency.
Related Exams
About this Video
|
4.92/5 Rating |
|
Nov 15, 2024 Last updated |
Video Description: Standards of Comparison - Cost Accounting Techniques, Cost Accounting for B Com 2024 is part of Cost Accounting preparation.
The notes and questions for Standards of Comparison - Cost Accounting Techniques, Cost Accounting have been prepared according to the B Com exam syllabus.
Information about Standards of Comparison - Cost Accounting Techniques, Cost Accounting covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Standards of Comparison - Cost Accounting Techniques, Cost Accounting.
Introduction of Standards of Comparison - Cost Accounting Techniques, Cost Accounting in English is available as part of our Cost Accounting for B Com & Standards of Comparison - Cost Accounting Techniques, Cost Accounting in
Hindi for Cost Accounting course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Standards of Comparison - Cost Accounting Techniques, Cost Accounting Video Lecture | Cost Accounting - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Cost Accounting.
Information about Standards of Comparison - Cost Accounting Techniques, Cost Accounting
Here you can find the meaning of Standards of Comparison - Cost Accounting Techniques, Cost Accounting defined & explained in the simplest way possible.
Besides explaining types of Standards of Comparison - Cost Accounting Techniques, Cost Accounting theory, EduRev gives you an ample number of questions to practice Standards of Comparison - Cost Accounting Techniques, Cost Accounting tests,
examples and also practice B Com tests.
|
106 videos|173 docs|18 tests
|
Video Timeline
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,practice quizzes
,shortcuts and tricks
,Free
,mock tests for examination
,Standards of Comparison - Cost Accounting Techniques
,Standards of Comparison - Cost Accounting Techniques
,Objective type Questions
,Cost Accounting Video Lecture | Cost Accounting - B Com
,past year papers
,video lectures
,Viva Questions
,Summary
,ppt
,Exam
,Extra Questions
,Cost Accounting Video Lecture | Cost Accounting - B Com
,Important questions
,Previous Year Questions with Solutions
,study material
,Sample Paper
,MCQs
,Standards of Comparison - Cost Accounting Techniques
,Cost Accounting Video Lecture | Cost Accounting - B Com
;
Study Standards of Comparison - Cost Accounting Techniques, Cost Accounting on the App
Students of B Com can study Standards of Comparison - Cost Accounting Techniques, Cost Accounting alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Standards of Comparison - Cost Accounting Techniques, Cost Accounting,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Standards of Comparison - Cost Accounting Techniques, Cost Accounting is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup