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  • Accounting Notes

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    Jahanzaib Sufyaan
    2 views3 pages
    1) The course outline lists the assessment components including a final exam worth 30 marks, midterm worth 10 marks, project worth 14 marks, and quizzes worth 3 marks. 2) The document discusses different types of costs including direct material costs, direct labour costs, indirect material costs, indirect labour costs, and indirect expenses. It distinguishes between direct costs that are traceable to a product and indirect costs that cannot be directly traced. 3) Production overheads include indirect material, indirect labour, and indirect expenses while non-production overheads include selling and distribution costs, marketing expenses, and administrative office expenses.

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    Accounting notes

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    1) The course outline lists the assessment components including a final exam worth 30 marks, midterm worth 10 marks, project worth 14 marks, and quizzes worth 3 marks. 2) The document discusses different types of costs including direct material costs, direct labour costs, indirect material costs, indirect labour costs, and indirect expenses. It distinguishes between direct costs that are traceable to a product and indirect costs that cannot be directly traced. 3) Production overheads include indirect material, indirect labour, and indirect expenses while non-production overheads include selling and distribution costs, marketing expenses, and administrative office expenses.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    2 views3 pages

    Accounting Notes

    Uploaded by

    Jahanzaib Sufyaan
    1) The course outline lists the assessment components including a final exam worth 30 marks, midterm worth 10 marks, project worth 14 marks, and quizzes worth 3 marks. 2) The document discusses different types of costs including direct material costs, direct labour costs, indirect material costs, indirect labour costs, and indirect expenses. It distinguishes between direct costs that are traceable to a product and indirect costs that cannot be directly traced. 3) Production overheads include indirect material, indirect labour, and indirect expenses while non-production overheads include selling and distribution costs, marketing expenses, and administrative office expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    Course, Outline

    Marks Outline:
    1

    Ims
    ->

    no Final
    30- Mic
    10
    -

    Project
    14- Quiz
    3 -

    cP

    project standardized
    10 marks in final standardized
    21st/tug 1st Lecture
    -cost classification:

    Material
    &

    Labour
    Expens es
    / ↳ Direct
    ~in
    -

    I ndirect /I
    Indirectmate
    -

    Indirect

    I
    material
    Direct Direct
    -

    who
    involved
    is
    directly -

    who
    involved i
    is
    directly
    costonmulerial crial in
    producing producing Traceable other
    expenses
    -
    - -

    directly involved 1. the


    product the product unit, Depreciationtities.
    rent,
    every
    to
    Material
    productthe
    in
    making
    -

    e.g:supervisor was
    suc -1
    which cannot be
    Royalty

    -
    Indirect costs
    (manufacturing)
    -material
    OR
    directly
    e.g oil, tools,
    :
    traceable are

    fixed costs
    directlyproduct
    to a
    traceable

    (Raw materials)

    over heads
    en

    Production -
    Non Production
    overheads: overheads
    1) Indirect Material 1) selling and distribution
    2) IndirectLabour
    3) IndirectExpenses 2) marketing expenses
    3) Admini
    office
    factory expense expense
    Cost is purchase price, NRV is (estimated selling price) minus (estimated cost to enable the sale).

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