Cost & Managerial Accounting Notes for M.Com / MBA / BBA

Cost & Managerial Accounting Notes for M.Com / MBA (Part-II) / BBA. Students of M.Com / MBA (Part-II) / BBA of any University recognized by Higher Education Commission (HEC), Islamabad belonging to any province i.e. Punjab, Sindh, KPK, Balochistan and Azad Kashmir and can get benefit from these notes. By studying our notes, we can guarantee you for getting maximum marks in your exams.

Cost and Managerial Accounting Notes for for M.Com / MBA  / BBA for HEC Recognize Universities

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Matz and Usry

7th Edition

Chapter # 06 – Process Costing: Cost of Production Report

Chapter # 07 – Process Costing: Addition to Material, FIFO and Average Costing

Chapter # 08 – Joint and By Product Costing

Chapter # 21 – Gross Profit Analysis

Chapter # 22 – Direct Costing 

Chapter # 24 – Break Even Point and Cost Volume Profit Analysis 

Chapter # 16 – Budgeting

9th Edition

Chapter # 04 – Process Costing: Cost of Production Report 

Colin Drury

6th Edition

7th Edition

8th Edition

Garisson and Noreen 

15th Edition

16th Edition

Ronald W. Hilton and David E. Platt

11th Edition

Chapter # 09 – Financial Planning and Analysis: The Master Budget

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Financial Statements 

  1. Definition and Explanation of Financial Statement of Manufacturing Concern
  2. Direct Material Definition, Explanation and Examples
  3. Direct Material Cost /Used/ Consumed/Put into Process or Production with formula and  example
  4. Direct Labour Definition, Explanation and Examples
  5. Prime Cost definition, explanation, formula and examples
  6. Factory Overhead definition, explanation, formula and example
  7. Conversion Cost definition, explanation, formula and examples
  8. Current Manufacturing Cost definition, explanation, formula and example
  9. Cost of Goods Manufactured definition, explanation, formula and example
  10. Cost of goods sold / Cost of Sale with actual FOH definition, explanation, formula and example

Process Costing

  1. Process Costing Definition, explanation, application and features
  2. Types of Process Costing method and Suitability of Process costing method
  3. Objects of Process Costing
  4. Elements of Production Cost in Process Costing
  5. Advantages and Disadvantages of Process Costing
  6. Comparison between Job Costing and Process Costing
  7. Definition and Section of Cost of Production Report
  8. Format of Cost of Production Report 1st Department Without loss
  9. Solve Example of Cost of Production Report 1st Department without loss
  10. Format of Cost of Production Report 1st Department with loss
  11. Solve Example of Cost of Production Report 1st Department with loss
  12. Format of Cost of Production Report 2nd and so on Department Without loss
  13. Solve Example of Cost of Production Report 2nd and so on Department Without loss
  14. Format of Cost of Production Report 2nd and so on Department With loss
  15. Solve Example of Cost of Production Report 2nd and so on Department With loss
  16. Format of Cost of Production Report 2nd Department When Completed units on hand Without loss
  17. Format of Cost of Production Report 2nd Department When Completed units on hand With loss
  18. Solve Example of Cost of Production Report 2nd Department When Completed units on hand With loss
  19. Solve Example of Cost of Production Report of 2nd when Completed units on hand “With Loss”
  20.  Format of Cost of Production Report 1st Department with Abnormal loss
  21. Format of Cost of Production Report 2nd  Department with Abnormal loss
  22. Format of Cost of Production Report Increasing the number of units Without loss
  23. Solve Example of Cost of Production Report of 2nd, Increasing the Number of Units Without Loss”
  24. Format of Cost of Production Report Increasing the number of units With loss
  25. Solve Example of Cost of Production Report of 2nd, Increasing the Number of Units With Loss”
  26. Format of Cost of Production Report 2nd Department When loss occur at the end of process
  27. Format of Cost of Production Report 1st Department with normal and abnormal loss
  28. Format of Cost of Production Report 2nd Department With normal and abnormal Loss
  29. Format of Cost of Production Report 1st Department under FIFO Method “Without Loss”
  30. Format of Cost of Production Report 1st Department under FIFO Method “With Loss”
  31. Format of Cost of Production Report 1st Department Units on hand under FIFO Method “With Loss”
  32. Format of Cost of Production Report 2nd Department under FIFO Method “Without Loss”
  33. Format of Cost of Production Report 2nd Department under FIFO Method “With Loss”
  34. Format of Cost of Production Report 2nd Department units on hand under FIFO Method “With Loss”
  35. Format of Cost of Production Report 1st Department under Weighted Average Method “Without Loss”
  36. Format of Cost of Production Report 1st Department under Weighted Average Method “With Loss”
  37. Format of Cost of Production Report 1st Department when units on hand under Weighted Average Method “With Loss”
  38. Format of Cost of Production Report 2nd and so on Department under Weighted Average Method “Without Loss”
  39. Format of Cost of Production Report 2nd and so on Department under Weighted Average Method “With Loss”
  40. Format of Cost of Production Report 2nd and so on Department when units on hand under Weighted Average Method “With Loss”
Process Costing Practice Questions
    1. Practice Questions of 1st Department Without Loss
    2. Practice Questions of 1st Department With Loss

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