Marginal costing; differentiate from absorption costing, treatment of relevant cost, limiting factors, marginal costing for managerial decision making. Standard Costing; types of standard costing, adjustment of standard, preparation of operating statements using standard costing variance analysis, quantity, rate, cost and efficiency variances, budgetary control variance. Budgets and budgetary control, types of budgets, budget preparation, principal budget factor, these budget manual, flexible budgeting, budgetary control techniques, behavioural aspects of budgeting; topical issues in cost accounting.

Level of Study: 200 Level