--%>
Assignment Help - homework help

  Process Costing

Introduction to Process Costing

Operating Costing-

Cost Accounting has been conventionally related with manufacturing companies. Though in the current competitive market, cost accounting has been more and more applied in service industries such as insurance companies, banks, transportation organizations, hospitals, passenger transport and railways, electricity generating companies, hotels, road maintenance, road lighting, canteens, educational institutions, port trusts and various other service organizations. The costing method applied in these industries is termed as 'Operating Costing'. As per to the Institute of Cost and Management Accountants [UK] operating costing is, 'that type of operating costing that applies in which standardized services are offered either through an undertaking or through a service cost center in an undertaking'.

1377_operating cost.jpg

NATURE OF OPERATING COSTING

The major purpose of operating costing is to calculate the cost of the services that are offered by the organization.

For doing this, it is essential to decide the unit of cost in such types of cases. The cost units change from industry to industry. For instances, cost per ton kilometer is to be determined while in case of passenger transport, in goods transport industry, cost per passenger kilometre is to be calculated.

The next step is to collect and identify several costs with in different headings. The headings that are used are as follow:

Ø   Fixed or standing charges

Ø   Semi-fixed or maintenance charges

Ø   Variable or running charges.

One of the significant features of operating costing is that mainly such costs are fixed in nature. For instance, in case of passenger transport organization, mainly the costs are fixed when few costs such as diesel and oil are variable and relies on the kilometres run

Latest technology based Cost Accounting Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Process Costing homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Process Costing, project ideas and tutorials. We provide email based Process Costing homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Process Costing. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Process Costing. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.