This book provides an in-depth insight into the concepts, theories and techniques of cost ascertainment and their application to profit planning, cost control and decision-making. With revised and updated content and enriched pedagogy, this new edition explains the various aspects of cost accounting in a lucid and comprehensive manner. It will cater to the requirements of students in commerce and management streams. Key Features: Thoroughly revised and updated content Additional coverage on Activity Based Costing, Quality Costs Step-by-step explanation of concepts with help of examples More than 400 illustrative solved problems More than 200 class-tested problems and examination questions Solution Manual and PPTs on companion websiteTable of Contents:Chapter 1: Cost Accounting - An Overview Chapter 2: Cost Concepts Chapter 3: Costing and Control of Materials Chapter 4: Costing and Control of Labour Chapter 5: Costing and Control of Factory (Manufacturing) Overheads Chapter 6: Costing and Control of Non-Manufacturing Overheads Chapter 7: Activity Based Costing System Chapter 8: Job-order, Batch and Contract Costing Chapter 9: Process, Joint and By-product Costing Chapter 10: Unit or Single or Output and Operating Costing Chapter 11: Variable Costing and Absorption (Full) Costing Chapter 12: Uniform Costing and Inter-Firm Comparison Chapter 13: Reconciliation and Integration Chapter 14: Volume-Cost-Profit Analysis Chapter 15: Budgeting Chapter 16: Standard Costs and Quality Costs Chapter 17: Variance Analysis: Cost Variances Chapter 18: Variance Analysis: Revenue and Profit Variances Chapter 19: Responsibility Accounting Chapter 20: Short-run Decision Analysis