CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

Product Costing and Activity Based Costing
Specifi c Order Costing & Operations Costing are the two principle methods of Costing. How do cost objects such as product, process, department and activity relate to the two methods? The author R Ram Mohan - an industry veteran and a qualifi ed professional - explores these methods. He traverses through the operations of a blue chip cosmetics manufacturer. He illustrates the various forms and documents used for data capture. The lesson elucidates the meaning of ‘relevance’. It delves into make or buy decisions and also exposes the confl ict between various costing models. This is the second lesson of the trilogy (FM/CA1, FM/CA2, FM/CA3). This lesson has special relevance to MM/M6, MM/PM4, OP/PM08 and OP/PM10 (also see CC/MIS3).
FM/CA2

21 Mins

24 Mins

55 Pages
Equivalent classroom time: 4hrs