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Cost scouting (commonly) termed “costing” may be defined as: „The establishment of budgets, standard costs and actual costs of operations, activities or products; and the analysis of variances, profitability, or the social use of funds’ The accounting system of any organization is the foundation of the internal financial information system. Download more free notes at www.kasnebnotes.co.ke 4COST ACCOUNTING STUDY TEXT Cost Analysis: This is an activity that uses engineering, time and motion studies, timekeeper’s records and planning schedules from production supervisors. 4COST ACCOUNTING STUDY TEXT Cost Analysis: This is an activity that uses engineering, time and motion studies, timekeeper’s records and planning schedules from production supervisors. For the records kept to be of proper use for the managerial functions, they Read More … COST AND MANAGEMENT ACCOUNTING N5. Exam year;July 2017. 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Business Management notes and revision kits Click on the course units/subjects to open the content MODULE I Communication Skills Life Skills Information and Communication Technology Entrepreneurship Financial Accounting Economics Business Law MODULE II Cost Accounting Principles and Practices and Management Supply and Transport Management Quantitative Techniques … Cost accounting question and answer. Accounting Class 6/03/2014 - Introduction How to Study for a Test Page 1/9. analyzed. The cost accounting department is responsible for keeping cost accounting records. Add to cart. Financial Accounting, Cost Accounting and Management Accounting 1 - 22 Study Note 2 Material Control 23-48 Study Note 3 Labor Cost Computation and Control 49-88 Study Note 4 Overheads 89-118 Study Note 5 Methods of Costing-Job Batch and Contract Costing 119-146 Study Note 6 Process Costing 147-180 Study Note 7 For: CPA Notes + questions and answers, KNEC notes+ Questions and answers. 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