Cost Accounting Practice Questions & Solutions
The purpose of this course is to give you an opportunity to have in-depth knowledge of Cost Accounting with regard to the changing environment. This course will assist you to acquire adequate knowledge of the principles and practice of Cost Accounting, either for academics or professional or daily challenges at work.
This course is prepared with a brief explanation of the principle of each subject. Illustration questions and solutions were equally provided for self-help in the application and knowledge of the principles.
This course is a compilation of various tested academics and professional lecture notes on Cost Accounting with video illustrations on practical Accounting Questions.
Topics for this course
Material Pricing & Stock Valuation
Intro on FIFO, LIFO, and Weighted Average.19:33
FIFO | First-In, First-Out16:37
LIFO | Last-In, First-Out12:25
Weighted Average Method15:14
Intro and Formula Derivation8:47
Calculation of Gross Pay15:35
Recalculation of Time Allowed14:08
Halsey, Halsey-Weir, and Rowan Bonus Schemes9:31
Intro and Formula Derivation9:26
Inventory Control (Ex. 1)13:09
Inventory Control (Ex. 2)8:48
Economic Order Quantity (EOQ)
Intro and Formula Derivation10:23
EOQ – Practical Question – Ex. 115:10
Intro and Basics of Apportionment9:52
Primary Apportionment Method22:03
Repeated Distribution Method20:39
Simultaneous Distribution Method22:24
Direct or Elimination Method9:59
Intro to Contract Costing3:05
Determination of Notional Profit25:05
Intro – Derivation of Abnormal Loss or Abnormal Gain3:20
Lesson 2 – How To Apportion and Transfer Values17:49
Lesson 3 – How To Determine Total Cost, Cost Per Unit13:51
Budgeting (Cash Budget)
Cash Budget – Lesson 143:36
Cash Budget – Lesson 222:16
Joint Product Costing
Joint Product Costing Using The Four Methods21:54
Intro and Formula Derivation6:25
About the instructor
Hello sir....words can't express how I feel. hs-tutorial is not just helping students but is also making students great...your tutorial and videos have proved or rather made me to understand that Accounting is not difficult but very easy to understand i.e when you have the right tutor..God bless you sir...Am extra ordinary good in Accounting now....I learnt from hs-tutorial.
hello mr Charles, cant express how happy iam with mere words here, i have been having issues on calculation courses untill i come across ur tutorial page and ur video has been of great help to me in solving it now, i recommend it to anyone who face the same thing, God bless you real good,. umoh Felix ( yabatech)
Hello sir, I am really glad that you’re giving out Accounting lessons, you have cleared many of my doubts hats of to you. Thank you and stay blessed!