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Understanding Costs I (In Hindi)
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Understanding the need to ascertain costs associated with various classifications.

Ashima Negi is teaching live on Unacademy Plus

Ashima Negi
UGC NET Qualified Assistant Professor; MBA-FINANCE;BBA;NCFM;PGDM;TQM; ISO9000 & QS9000;Assurance;CCIBL; Youtuber studytalkwithashima.

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Really nice for SSC, UPSC CSAT EXAMS
  1. NTA UGC NET 2019 UNDERSTANDING COSTS & ACCOUNTING By:- Assistant Professor (Ms.)Ashima Negi Candidate For Doctorate ( Ph.D.) UGC NET-Management. CA(1), MBA Finance, BBA, PGDM-Materials Management, NCFM, & Assurance, cCIBL. TQM & ISO 9000, QS 9000


  2. COST CLASSIFICATION . Classification of cost means, the grouping of costs according to their common characteristics.


  3. TRACEABILITY . By Nature or Traceability: Direct Costs and Indirect costs. Direct Costs are Directly attributable/traceable to Cost object. Direct costs are assigned to Cost Object. Indirect Costs are not directly attributable/traceable to Cost Object. Indirect costs are allocated or apportioned to cost objects.


  4. FUNCTIONS . By Functions: production,administration, selling and distribution, R&D.


  5. BEHAVIOUR By Behavior: fixed, variable, semi-variable. Costs are classified according to their behavior in relation to change in relation to production volume within given period of time. Fixed Costs remain fixed irrespective of changes in the production volume in given period of time. Variable costs change according to volume of production. Semi-variable costs are partly fixed and partly variable.


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