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ON
COST ACCOUNTING
Submitted by:
Ata-u-Samad(FA17-MBAG-0019)
Submitted to:
Javed Hussain
Introduction
Introduction to Report
Purpose
Methodology of Study
Cost Accounting
Definition of Cost
Role of Cost Accounting
Contribution of Cost Accounting to Management
Planning
Controlling
Evaluation of Alternatives
Inventory Management
Pricing of Products and Projects
About Company
Chief Executive
Officer
Direct Material
Direct Labour
Overhead
Classification of Cost
Cost in Relation to Product
Manufacturing Cost
Direct Material
Direct Labor
Overheads
Indirect material
Indirect labor
Commercial Cost
Marketing and Selling
Administrative and General
Budget
A budget is a quantitative and financial expression of policies to be pursed and strategies to be
employed during a prescribed future period of time in order to achieve an objective.
Budget Status
Centralized
Forecasted on the basis of orders received from the customers in the previous period
Budget Period
1st July to 30th June.
Production Budget
Mountain Fruits (Pvt.) Ltd.
Production Budget
.
For the year 2009
Direct material
1.1 Purchases
Product Line Purchase Forecast
Units Kg. Av.Rate Amount
Apricot 79,341 80.00 6,347,280
Apricot kernels - - -
Walnuts 82,083 65.00 5,335,395
Almond 78,533 80.00 6,282,640
Fresh Apple 15,000 15.00 225,000
Grand Total 254,957 18,190,315
MFL is a highly hygienic dry fruit processing Export Company, meeting international
standards o quality and hygiene.
MFL has raised employment level to great extend especially for mostly illiterate women
of lower income families especially in danyore area.
MFL is maintaining high standards of production and processing.
The company also maintains proper material procurement procedures maintaining all
records.
References
Company Journals
Financial Report