Video Library - The Applied Aspect of Cost Accounting

What is the standard cost of direct and indirect costs, their objectives and types

What is the standard cost of direct and indirect costs, their objectives and types

Standard overhead cost and how to measure it

Standard overhead cost and how to measure it

The role of costs for decision makers and a small illustrative example of the production process

Determining the pricing policy for sales in a sound manner and the difference between it and determining the unit cost and determining different ways for decision makers in determining the cost and selling price and the extent of the impact of this decision on the facility and the continuity of the facility in the economic markets and competition in the markets

The importance of costs and their impact on the income statement

Costs for industrial companies are of great importance to the clear vision of the extent to which production capacity is depleted for the cost of units in a correct manner and not to waste these energies to produce units and its importance in determining the cost of revenue to measure the profit of the facility or not and to take a clear cost policy.

Cost elements in production orders - the first element, the cost of raw materials (Part I) the cost of imports

Cost elements and their importance to production orders and their impact on the cost of the product and their division into direct and indirect costs and the effect of raw materials on inventory according to international standards from incoming and outgoing and their impact on production

Cost components in production orders - the first component cost of raw materials (Part II) exchange cost

Cost elements and their importance to production orders and their impact on the cost of the product and their division into direct and indirect costs and the effect of raw materials on inventory according to international standards from incoming and outgoing and their impact on production

Direct Expense Costs

Direct costs are the costs closely related to the product and assigned to this product and not to others, such as: 1- Direct wages 2- Direct expenses (electricity, gas ……) assigned to the production line 3- Depreciation assigned to the production line for a specific product

Elements of costs in production orders - (Part III) Practical difficulties in calculating raw cost

What are the difficulties faced by the establishment in not placing the cost of the product in a correct manner and its impact on costs