Deprecated: Optional parameter $key declared before required parameter $property is implicitly treated as a required parameter in /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php on line 20

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775

Warning: Cannot modify header information - headers already sent by (output started at /home/whbufker/public_html/eponlinestudy.com/wp-content/plugins/wp-file-download-light/app/functions.php:20) in /home/whbufker/public_html/eponlinestudy.com/wp-includes/rest-api/class-wp-rest-server.php on line 1775
{"id":5546,"date":"2021-08-14T11:33:48","date_gmt":"2021-08-14T05:48:48","guid":{"rendered":"https:\/\/eponlinestudy.com\/?p=5546"},"modified":"2021-08-14T11:33:48","modified_gmt":"2021-08-14T05:48:48","slug":"cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting","status":"publish","type":"post","link":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/","title":{"rendered":"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting"},"content":{"rendered":"

\"\"<\/p>\n

 <\/p>\n

\u00a0<\/p>\n

 <\/p>\n

\u00a0<\/span>Concept of cost accounting includes <\/span>direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead<\/span><\/p>\n

\u00a0<\/span>\u00a0<\/span><\/p>\n

Keep in Mind (KIM) <\/span><\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

General principles of cost accounting <\/span><\/b><\/h3>\n

Cost accounting is based on estimation before starting the production or service.<\/span><\/p>\n

Cost should be include or charged only after incurred. <\/span><\/p>\n

Cost accounting statement should give fact data; if there is any contingency or reserve, it should be shown separately.<\/span><\/p>\n

Past losses should not be recovered from present or future profit.<\/span><\/p>\n

Principle of the double-entry system of bookkeeping should be followed if possible.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Material<\/span><\/b>s <\/span><\/b><\/b><\/h3>\n<\/td>\n<\/tr>\n

\n

Raw materials<\/span><\/p>\n<\/td>\n

\n

woods, rubber, glass, iron, steel, paper, cloth, leather, cotton etc<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Components<\/span><\/p>\n<\/td>\n

\n

accessory (extra pieces of equipment) etc<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Consumable materials<\/span><\/p>\n<\/td>\n

\n

soap, detergent, cleaning brush, cotton waste etc<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Maintenance materials<\/span><\/p>\n<\/td>\n

\n

spare parts, tools etc<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Some cost units under manufacturing or service <\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Vehicle<\/span><\/p>\n<\/td>\n

\n

per unit<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Gas<\/span><\/p>\n<\/td>\n

\n

per cubic meter<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Gas cylinder <\/span><\/p>\n<\/td>\n

\n

Per unit<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Screws manufacturing<\/span><\/p>\n<\/td>\n

\n

per 1,000<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Brick work<\/span><\/p>\n<\/td>\n

\n

per 1,000<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Transport<\/span><\/p>\n<\/td>\n

\n

per passenger km or per ton km<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Electricity<\/span><\/p>\n<\/td>\n

\n

per megawatt, kilo watt or unit<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Textile<\/span><\/p>\n<\/td>\n

\n

per meter or per pound weight (Ib)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Collieries<\/span><\/p>\n<\/td>\n

\n

per tone<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Petroleum or water<\/span><\/p>\n<\/td>\n

\n

per cubic liter <\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Electrical\/electronic<\/span><\/p>\n<\/td>\n

\n

per unit<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/p>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n

<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Concept of Cost<\/span><\/b><\/h2>\n

Cost accounting is based on estimation. <\/span><\/p>\n

In cost accounting, something release for obtaining something. <\/span><\/p>\n

The amount is released for a specific activity. <\/span><\/p>\n

The specific activity may be a product, job, service, process or other activity. <\/span><\/p>\n

A cost is compound of three elements; they are material, labour, expenses or overhead.<\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

(A) MATERIALS<\/span><\/b><\/b><\/h3>\n

All types of goods that are used in the process of production are called material. <\/span><\/p>\n

The expenses incurred for the material is termed as material cost. <\/span><\/p>\n

It also includes all those costs related to the purchase and storing of material. <\/span><\/p>\n

There are two types of materials; they are direct materials and indirect materials.<\/span><\/p>\n

 <\/p>\n

\u00a0<\/span><\/b><\/p>\n

\"\"<\/p>\n

 <\/p>\n

Direct material <\/span><\/b><\/h4>\n

A large part of materials in finished goods is known as direct materials. <\/span><\/p>\n

These material costs can be identified easily from the finished product. <\/span><\/p>\n

Sometimes the value of direct materials may be less than labour cost. <\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

Indirect material<\/span><\/b><\/h4>\n

A small part of materials in finished goods is known as indirect materials. <\/span><\/p>\n

Without indirect materials, finished goods cannot be completed. <\/span><\/p>\n

Sometimes the value of indirect materials cannot be directly identified from a particular product.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

###########<\/span><\/p>\n\n\n\n\n\n\n
\n

Click on the link for <\/span>YouTube<\/span><\/b> videos<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Cost Reconciliation Statement <\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/prvhuz<\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Unit Costing (Output Costing)<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/srvhuz<\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

###########<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

(B) LABOUR<\/span><\/b><\/b><\/h3>\n

Wages paid for workers are known as labour cost. <\/span><\/p>\n

It includes wages, salaries, bonus, provident fund etc. <\/span><\/p>\n

There are two types of labour in production; they are<\/span> direct labour and indirect labour.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"\u00a0<\/span><\/b><\/p>\n

 <\/p>\n

Direct labour<\/span><\/b><\/h4>\n

The wages paid to the workers directly engaged in manufacturing process goods in knows as direct lab our cost. <\/span><\/p>\n

Such a wage can be easily identified from job or process cost.<\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

Indirect labour<\/span><\/b><\/h4>\n

The labour who does not directly engage with production is known as indirect labour. <\/span><\/p>\n

But he plays important role in the production. <\/span><\/p>\n

Sometimes indirect labour cannot be easily identified from a job or process<\/span> cost.<\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

\u00a0<\/span><\/b><\/p>\n

(C) OVERHEAD<\/span><\/b><\/b><\/h3>\n

All the expenses other than materials and labour costs are known as expenses. <\/span><\/p>\n

They are royalty, rent, training expenses of new employees etc. <\/span><\/p>\n

There are two types of expenses; they are direct expenses and indirect expenses.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

\u00a0<\/span><\/b><\/p>\n

 <\/p>\n

Direct overhead<\/span><\/b><\/h4>\n

Expenses other than direct material and direct labour<\/span> are known as direct expenses. <\/span><\/p>\n

It is also known as chargeable expenses, prime cost, process expenses or productive expenses. <\/span><\/p>\n

Some direct expenses are the cost of plant hire, cost of designing, royalty, excise duty, cost of rectifying defective work etc.<\/span><\/p>\n

\u00a0<\/span><\/b><\/p>\n

Indirect overhead<\/span><\/b><\/h4>\n

Expenses other than indirect material and indirect labour are known as indirect expenses. <\/span><\/p>\n

These expenses cannot be identified for a particular job or product. <\/span><\/p>\n

Indirect expenses are rent of building, insurance premium, depreciation, repairs and maintenance, welfare and medical expenses etc. <\/span><\/p>\n

\u00a0<\/span><\/p>\n

###########<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Click on the link for <\/span>YouTube<\/span><\/b> videos<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Accounting Equation<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/c89jkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Journal Entries in Nepali<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/uaakkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Journal Entries<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/8aakkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Journal Entry and Ledger<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/caakkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Ledger<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/haakkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Subsidiary Book<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/399jkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Cashbook<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/889jkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Trial Balance and Adjusted Trial Balance<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/c59jkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Bank Reconciliation Statement (BRS)<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/q59jkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Depreciation<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/ugakkz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Click on the link for <\/span>YouTube<\/span> videos chapter wise\u00a0 <\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Financial Accounting and Analysis (All videos)<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/jlersz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Accounting Process<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/mlersz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Accounting for Long Lived Assets<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/plersz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Analysis of Financial Statement<\/span><\/p>\n<\/td>\n

\n

http:\/\/tiny.cc\/slersz<\/span><\/b><\/a><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

###########<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Click on the photo for FREE <\/strong>e<\/strong><\/span>Books<\/strong><\/span><\/p>\n

 <\/p>\n

\"\"<\/a>

BBS Second year eBooks | Business Communication | Cost and Management Accounting | Organizational Behavior | Human Resource Management | Fundamentals of Financial Management<\/p><\/div>\n

 <\/p>\n

 <\/p>\n

\u00a0<\/span><\/p>\n

***** #EP<\/span>Online<\/span>Study *****<\/span><\/p>\n

Thank you for investing your time.<\/span><\/i><\/p>\n

Please comment on the article.<\/span><\/i><\/p>\n

You can help us by sharing this post on your social media platform.<\/span><\/i><\/p>\n

\u00a0<\/span><\/p>\n

Jay G<\/span>o<\/span>o<\/span>g<\/span>l<\/span>e<\/span>, Jay YouTube<\/span>, Jay Social Media<\/span><\/span><\/p>\n

\u091c\u092f<\/span> \u0917\u0942<\/span>\u0917<\/span>\u0932<\/span>.<\/span> \u091c\u092f<\/span> \u092f\u0941\u091f\u094d\u092f\u0941\u092c<\/span>,<\/span> \u091c\u092f<\/span> \u0938\u094b\u0936\u0932<\/span> \u092e\u0940\u0921\u093f\u092f\u093e\u00a0<\/span><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  \u00a0   \u00a0Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead \u00a0\u00a0 Keep in Mind (KIM) General principles of cost accounting Cost accounting is based on estimation before starting the production or service. Cost should be include or charged only after incurred. Cost accounting statement should […]<\/p>\n","protected":false},"author":19997,"featured_media":5551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2647,2306,11],"tags":[2653,2652,2651,2649,591,590,1991,598,602,1995,1990,2650,597,601,2648],"writers":[144],"yoast_head":"\nCost Accounting | What is Cost Accounting | Concept of Cost Accounting<\/title>\n<meta name=\"description\" content=\"Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting\" \/>\n<meta property=\"og:description\" content=\"Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\" \/>\n<meta property=\"og:site_name\" content=\"EP Online Study\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EPOnlineMedia\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-14T05:48:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Manju@2050\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manju@2050\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\"},\"author\":{\"name\":\"Manju@2050\",\"@id\":\"https:\/\/eponlinestudy.com\/#\/schema\/person\/989c21d151c5fa52cf5df2a245cf1cc8\"},\"headline\":\"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting\",\"datePublished\":\"2021-08-14T05:48:48+00:00\",\"dateModified\":\"2021-08-14T05:48:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\"},\"wordCount\":841,\"publisher\":{\"@id\":\"https:\/\/eponlinestudy.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg\",\"keywords\":[\"B Com Cost Accounting\",\"bbs second year Accounting book\",\"BBS Second Year Chapter 1\",\"Concept of cost accounting\",\"cost accounting\",\"cost accounting theory\",\"Direct labour\",\"direct materials\",\"direct overhead\",\"Indirect labour\",\"Indirect material\",\"Indirect overhead\",\"materials\",\"overhead\",\"What is cost accounting\"],\"articleSection\":[\"Concept of Cost Accounting\",\"Cost and Management Accounting\",\"NOTES\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\",\"url\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\",\"name\":\"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting\",\"isPartOf\":{\"@id\":\"https:\/\/eponlinestudy.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg\",\"datePublished\":\"2021-08-14T05:48:48+00:00\",\"dateModified\":\"2021-08-14T05:48:48+00:00\",\"description\":\"Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead\",\"breadcrumb\":{\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage\",\"url\":\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg\",\"contentUrl\":\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/eponlinestudy.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eponlinestudy.com\/#website\",\"url\":\"https:\/\/eponlinestudy.com\/\",\"name\":\"EP Online Study\",\"description\":\"Accounting, Accounts, Economics, English, Finance\",\"publisher\":{\"@id\":\"https:\/\/eponlinestudy.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eponlinestudy.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/eponlinestudy.com\/#organization\",\"name\":\"EP Publication (P) Ltd\",\"url\":\"https:\/\/eponlinestudy.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/eponlinestudy.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2020\/07\/EP-logo.jpg\",\"contentUrl\":\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2020\/07\/EP-logo.jpg\",\"width\":570,\"height\":284,\"caption\":\"EP Publication (P) Ltd\"},\"image\":{\"@id\":\"https:\/\/eponlinestudy.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/EPOnlineMedia\/\",\"https:\/\/www.youtube.com\/c\/EPONLINEMEDIA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/eponlinestudy.com\/#\/schema\/person\/989c21d151c5fa52cf5df2a245cf1cc8\",\"name\":\"Manju@2050\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/eponlinestudy.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a60e2690d22691280afb30b111824a2f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a60e2690d22691280afb30b111824a2f?s=96&d=mm&r=g\",\"caption\":\"Manju@2050\"},\"sameAs\":[\"http:\/\/eponlinestudy.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting","description":"Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/","og_locale":"en_GB","og_type":"article","og_title":"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting","og_description":"Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead","og_url":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/","og_site_name":"EP Online Study","article_publisher":"https:\/\/www.facebook.com\/EPOnlineMedia\/","article_published_time":"2021-08-14T05:48:48+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg","type":"image\/jpeg"}],"author":"Manju@2050","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Manju@2050","Estimated reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#article","isPartOf":{"@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/"},"author":{"name":"Manju@2050","@id":"https:\/\/eponlinestudy.com\/#\/schema\/person\/989c21d151c5fa52cf5df2a245cf1cc8"},"headline":"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting","datePublished":"2021-08-14T05:48:48+00:00","dateModified":"2021-08-14T05:48:48+00:00","mainEntityOfPage":{"@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/"},"wordCount":841,"publisher":{"@id":"https:\/\/eponlinestudy.com\/#organization"},"image":{"@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage"},"thumbnailUrl":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg","keywords":["B Com Cost Accounting","bbs second year Accounting book","BBS Second Year Chapter 1","Concept of cost accounting","cost accounting","cost accounting theory","Direct labour","direct materials","direct overhead","Indirect labour","Indirect material","Indirect overhead","materials","overhead","What is cost accounting"],"articleSection":["Concept of Cost Accounting","Cost and Management Accounting","NOTES"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/","url":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/","name":"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting","isPartOf":{"@id":"https:\/\/eponlinestudy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage"},"image":{"@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage"},"thumbnailUrl":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg","datePublished":"2021-08-14T05:48:48+00:00","dateModified":"2021-08-14T05:48:48+00:00","description":"Concept of cost accounting includes direct material, indirect material, direct labour, indirect labour, direct overhead, indirect overhead","breadcrumb":{"@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#primaryimage","url":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg","contentUrl":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2021\/08\/Cost-Accounting-What-is-Cost-Accounting-Concept-of-Cost-Accounting.jpg","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/eponlinestudy.com\/cost-accounting-what-is-cost-accounting-concept-of-cost-accounting-bbs-second-year-accounting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eponlinestudy.com\/"},{"@type":"ListItem","position":2,"name":"Cost Accounting | What is Cost Accounting | Concept of Cost Accounting"}]},{"@type":"WebSite","@id":"https:\/\/eponlinestudy.com\/#website","url":"https:\/\/eponlinestudy.com\/","name":"EP Online Study","description":"Accounting, Accounts, Economics, English, Finance","publisher":{"@id":"https:\/\/eponlinestudy.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eponlinestudy.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/eponlinestudy.com\/#organization","name":"EP Publication (P) Ltd","url":"https:\/\/eponlinestudy.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/eponlinestudy.com\/#\/schema\/logo\/image\/","url":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2020\/07\/EP-logo.jpg","contentUrl":"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2020\/07\/EP-logo.jpg","width":570,"height":284,"caption":"EP Publication (P) Ltd"},"image":{"@id":"https:\/\/eponlinestudy.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/EPOnlineMedia\/","https:\/\/www.youtube.com\/c\/EPONLINEMEDIA"]},{"@type":"Person","@id":"https:\/\/eponlinestudy.com\/#\/schema\/person\/989c21d151c5fa52cf5df2a245cf1cc8","name":"Manju@2050","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/eponlinestudy.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a60e2690d22691280afb30b111824a2f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a60e2690d22691280afb30b111824a2f?s=96&d=mm&r=g","caption":"Manju@2050"},"sameAs":["http:\/\/eponlinestudy.com"]}]}},"_links":{"self":[{"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/posts\/5546"}],"collection":[{"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/users\/19997"}],"replies":[{"embeddable":true,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/comments?post=5546"}],"version-history":[{"count":1,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/posts\/5546\/revisions"}],"predecessor-version":[{"id":5550,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/posts\/5546\/revisions\/5550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/media\/5551"}],"wp:attachment":[{"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/media?parent=5546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/categories?post=5546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/tags?post=5546"},{"taxonomy":"writers","embeddable":true,"href":"https:\/\/eponlinestudy.com\/wp-json\/wp\/v2\/writers?post=5546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}