Project on Costing Process in an Organisation

Added on - 22 Jul 2020

  • 10

    pages

  • 2479

    words

  • 5

    views

  • 0

    downloads

Showing pages 1 to 3 of 10 pages
Costing process in anorganisation
Table of Contents1. Introduction.............................................................................................................................12. Literature review:....................................................................................................................13. Costing process.......................................................................................................................34.Critique the costing process:....................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
1. IntroductionCost is an important factor which is deeply analysed by the organisation so that it can becontrolled and be reduced to the least possible extent. Management of the company needs toframe the budget in an optimum manner so that the business could control its expenseseffectively (Becker, Kugeler and Rosemann, 2013). The Expenses incurred are major concern forproducing any product as this assist the business in a great extent so that the firm could get theleadership among the other rival firms. it covers the direct and indirect cost for producing anyproduct. The expenditure which are directly related to the production of the units, called directcosts. While the ones which are indirectly connected to the good, called the indirect cost. But,both are ultimately affected to the cost. But these are ultimately controlled by the productiondepartment that are entirely concerned to the business organisation.Under this management flow chart, management handle development, production and salesdepartment. The production department entirely covers whole production related activities.2. Literature review:Costing system is framed to control the entire costs which are incurred by anorganisation. The framework is comprised of a set of forms, procedures, controls, and reportswhich are framed to aggregate and report to administration about revenues, costs andprofitability (Askarany, Yazdifar and Askary, 2010). The regions reported on can be any part ofany organisation, covering:ConsumersDivisionsFacilities1
desklib-logo
You’re reading a preview
card-image

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Download This Document