Bv 05008031
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nihar4ramBv 05008031
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nihar4ramGUJARAT TECHNOLOGICAL UNIVERSITY
Program Name: Bachelor of Vocation
Level: Under Graduate
Branch: Practical Accounting and Tax (DPATP)& Tally
Course / Subject Code : BV05008031
Course / Subject Name : Introduction to Costing and Cost Control
w. e. f. Academic Year: 2026-27
Semester: 5
Category of the Course: Core Course
Prerequisite: Basic Knowledge of Accounting
Rationale: This course will help student to develop basic understanding of Costing and Cost Control,
Material, Labour and Overhead Cost and Cost Contol.
Course Outcome:
After Completion of the Course, Student will able to:
No Course Outcomes
01 Present basic concepts of Costing And Cost Sheet
02 Understanding of controlling factors of Material Cost and Labour Cost
03 Understanding of controlling factors of Overhead Cost
Teaching and Examination Scheme:
Teaching Scheme Total Credits
Assessment Pattern and Marks
(in Hours) L+T+ (PR/2)
Total
Theory Tutorial / Practical Marks
L T PR C
ESE (E) PA / CA (M) PA/CA (I) ESE (V)
3 0 0 3 50 0 0 0 50
Course Content:
% of
Unit No. of
Content Weigh
No. Hours
tage
1. Basic Concepts of Costing & Cost-Sheet 12 30
Meaning of Cost, Costing, Cost Accounting, Cost Control, Cost Cutting,
Cost Reduction, Cost Vs Price Vs Value, Opportunity Cost, Prime Cost,
Overheads, Works Cost, Factory Cost, Cost of Production, Cost of Goods
Sold, Cost Of Goods Available For Sale, Cost of Sales, Simple Unit Cost
Sheets, Simple Job Cost Sheets.
2. Material Cost Control 11 30
Introduction to Material Cost, Material Procurement Process,
w.e.f. 2026-27 [Link] Page 1 of 2
GUJARAT TECHNOLOGICAL UNIVERSITY
Program Name: Bachelor of Vocation
Level: Under Graduate
Branch: Practical Accounting and Tax (DPATP)& Tally
Course / Subject Code : BV05008031
Course / Subject Name : Introduction to Costing and Cost Control
Types of Inventory, EOQ, Levels of Stock, Stock Valuation Methods,
Stores Ledger, Bin Card, Material Issue and Control Documentation, ABC
Analyses, Just in Time, Losses from Material
3. Labour Cost Control 11 30
Introduction to Labour Cost, Over Time and Idle Time, Wage Payment
Systems, Labour Turnover
4. Overhead Cost Control 11
Introduction to Overhead Cost, Classification of Overheads, Allocation, 10
Apportionment & Reapportionment of Overheads, Departmental
Overhead Absorption Rates, Under and Over Absorption
Total 45 100
Suggested Specification Table with Marks (Theory):
Distribution of Theory Marks
R Level U Level A Level N Level E Level C Level
5 10 25 5 5 -
Where R: Remember; U: Understanding; A: Application, N: Analyze and E: Evaluate C: Create (as
per Revised Bloom’s Taxonomy)
References/Suggested Learning Resources:
(a) Books:
1. ICAI Modules for Intermediate Courses
2. Practical Learning Cost & Management Accounting- By CA B. Saravana Prasath – PADUKA
– Commercial Law Publishers India Pvt. Ltd.
3. Parveen Sharma & Bhalla - Problems & Solutions CMA/CA Inter - Commercial Law
Publishers India Pvt. Ltd.
(b) List of Journals / Periodicals / Magazines / Newspapers, etc.:
1. The Chartered Accountant Student
2. The Chartered Accountant
3. The Cost Accountant
Teaching Method:
1. Case Discussion
2. Projects and Assignments
3. Class Participation, quizzes, etc.
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