Cost Accounting and Analysis

Cost Accounting and Analysis

Cost accounting and analysis is a process of collecting, recording, classifying, analyzing, summarizing, allocating and evaluating various alternative courses of action & control of costs. It helps the management on the most appropriate course of action based on the cost efficiency and capability.

Cost accounting helps organization in controlling various costs, improving efficiency, identifying unprofitable activities, determining pricing strategy, expansion decision making and many more such activities. Our cost accounting and analysis function include the following analysis among others:

1. Application of best suitable method of costing which includes:

– Activity based costing – Traditional costing – Absorption costing

2. Preparation of cost sheet and performing production cost analysis

– Unit Costing – Job Costing – Contract Costing – Batch Costing

3. Various cost analysis such as:

– Manufacturing overhead analysis – Contribution Analysis (Marginal Costing)
– Breakeven point analysis – Variance Analysis (Standard costing)

4. Project cost budgeting and alternative analysis

5. Cost Centers and Profit Centers analysis