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It also includes relevant costing, budgetary control with fixed and flexible budgets, standard costing with variance analysis, performance measurement and control, and contemporary concepts like activity based costing, target costing, life-cycle costing, and throughput and environmental accounting.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/cost-accounting-ii-lesson-plan-semester-ii-4/159648/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/cost-accounting-ii-lesson-plan-semester-ii-4/159648.png","ImageObject",300,407,{"name":42,"@type":43},"Cart","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-22","2026-08-29",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",14,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the main learning objective of Cost Accounting - II?","Question",{"text":63,"@type":64},"To understand and apply cost accounting techniques that improve business decision-making while enabling effective planning and control of scarce resources under uncertainty.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Which topics are included under Unit I on marginal and absorption costing?",{"text":68,"@type":64},"The unit covers introduction and concepts, advantages and disadvantages, differences, profit determination, CVP analysis, break-even and margin of safety, charts, and decision applications such as make-or-buy and pricing.",{"name":70,"@type":61,"acceptedAnswer":71},"How does the syllabus approach budgetary control and standard costing?",{"text":72,"@type":64},"Budgetary control is taught through fixed and flexible budgets, cash budget, and master budget preparation, while standard costing is taught through variance analysis of materials, labour, and overheads plus variance report interpretation.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},159648,1788020646,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,100,105,110,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":93,"slug":94},70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},8,"Research & Report",30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":96,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":30,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":80,"read_time":111},18829141979164,"https://eur-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","LESSON PLAN  \nSEMESTER II C4 15MC201: COST ACCOUNTING – II  \nObjectives:  \nThis course helps in understanding application of cost accounting techniques in order to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks. It also aims at applying appropriate budgeting techniques and methods for planning and control.  \n\n| Sl. No | UNITS | No. of\u003Cbr>Lecture\u003Cbr>Hours | Methodology/ Instructional techniques | Evaluation/ learning confirmation |\n| --- | --- | --- | --- | --- |\n| UNIT I | Module 1: Marginal Costing and Absorption Costing | 18 Hrs |  |  |\n|  | Absorption Costing- introduction, meaning, advantagesand disadvantages of absorption costing, ascertainment of profit under absorption costing | 4 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Marginal Costing - introduction, meaning, advantagesand disadvantages of marginal costing, differences between absorption costing and marginal costing, ascertainment of profit under marginal costing | 4 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Income determination under marginal costing and absorption costing – marginal cost equations, Cost Volume Profit Analysis, Break Even Point, Margin of Safety, Break even Chart – Profit Volume Chart | 4 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Applications of Marginal Costing - Make or Buy Decision, Key factor / limiting factor , Accepting or Rejecting the Export Offer, Pricing decisions, Selecting the Suitable Product Mix, introduction of new product, operate or shut down decisions etc | 6 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n| UNIT\u003Cbr>II | Module 2 : Relevant Costing | 8 Hrs |  |  |\n|  | Analysis of relevant cost with other cost concepts | 2 | PPT | Q & A,\u003Cbr>Assignments |\n|  | Benefits of Relevant Costing sunk cost-future costs, future benefits-Relevant cost and relevant benefits for business decisions | 3 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Problems and Case study | 3 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n| UNIT\u003Cbr>III | Module-3: Budgetary Control | 14 Hrs |  |  |\n|  | Meaning – Need- Objectives and functions-Advantagesand Limitations-Classification | 1 | PPT | Q & A,\u003Cbr>Assignments |\n|  | Preparation of Budgets-Fixed and Flexible Budget. | 3 | Illustrations | Q & A, |\n\n\n|  |  |  |  | Assignments |\n| --- | --- | --- | --- | --- |\n|  | Preparation of Budgets - Raw material consumption, Purchase, labour hour, Overhead | 3 | Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Preparation of Cash Budget | 3 | Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Preparation of Master Budget | 4 | Illustrations | Q & A,\u003Cbr>Assignments |\n| Unit\u003Cbr>IV | Module-4 : Standard Costing | 10 Hrs |  |  |\n|  | Meaning-Steps involved in Standard Costing – Analysis of Variances | 1 | PPT | Q & A |\n|  | Material Variances | 3 | Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Labour Variances | 3 | Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Overhead variances | 2 | Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Preparation of Variance Reports and interpretation of variance report. | 1 | Illustrations | Q & A,\u003Cbr>Assignments |\n| Unit\u003Cbr>V | Module 5: Performance Measurement and Control | 5 Hrs |  |  |\n|  | Performance management information systems Sources of management information- Management reports | 2 | PPT | Q & A,\u003Cbr>Assignments |\n|  | Performance analysis in private sector organizationsDivisional performance and transfer pricing | 1 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Performance analysis in not-for-profit organisationsand the public sector | 1 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | External considerations and behavioural aspects | 1 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n| Unit\u003Cbr>VI | Module 6: Contemporary Concepts | 5 Hrs |  |  |\n|  | Activity based costing | 2 | PPT,\u003Cbr>Illustrations | Q & A,\u003Cbr>Assignments |\n|  | Targ","cbCairYoLUF4xZpC","https://ap.wps.com/l/cbCairYoLUF4xZpC","pdf",50555,"English","# Course Objectives\n# Unit I: Marginal Costing and Absorption Costing\n## Absorption costing basics and profit determination\n## Marginal costing basics and profit determination\n## Cost-volume-profit analysis and break-even concepts\n## Applications of marginal costing\n# Unit II: Relevant Costing\n## Relevant cost analysis and key concepts\n## Benefits, sunk cost, future costs, and decisions\n## Problems and case study\n# Unit III: Budgetary Control\n## Meaning, need, objectives, functions, advantages, and limitations\n## Preparation of budgets (fixed and flexible)\n## Cash budget and master budget\n# Unit IV: Standard Costing\n## Meaning and steps; variance analysis\n## Material, labour, and overhead variances\n## Variance reports and interpretation\n# Unit V: Performance Measurement and Control\n## Performance management information systems\n## Private sector performance analysis\n## Not-for-profit and public sector analysis\n## External considerations and behavioural aspects\n# Unit VI: Contemporary Concepts\n## Activity based costing\n## Target costing\n## Life-cycle costing\n## Throughput accounting and environmental accounting","[{\"question\":\"What is the main learning objective of Cost Accounting - II?\",\"answer\":\"To understand and apply cost accounting techniques that improve business decision-making while enabling effective planning and control of scarce resources under uncertainty.\"},{\"question\":\"Which topics are included under Unit I on marginal and absorption costing?\",\"answer\":\"The unit covers introduction and concepts, advantages and disadvantages, differences, profit determination, CVP analysis, break-even and margin of safety, charts, and decision applications such as make-or-buy and pricing.\"},{\"question\":\"How does the syllabus approach budgetary control and standard costing?\",\"answer\":\"Budgetary control is taught through fixed and flexible budgets, cash budget, and master budget preparation, while standard costing is taught through variance analysis of materials, labour, and overheads plus variance report interpretation.\"}]","Cost Accounting - II - Lesson Plan Semester II 4 | PDF"]