1.0 GENERAL INTRODUCTION
No doubt that for any manufacturing company to grow easily, there must be as way to process their cost in order to achieve the organizational objectives.
Management needs a variety of information to plan for the future activities, assist in the measurement of efficiency and effectiveness in essence of machine, men, materials and money ton control and to make decisions. Information regarding the financial aspect of performance in any organization is provided by the costing system. Cost per unit of running a section, department or factory, wages costs for unit of production or per period of production, scrap or rectification cost, behavior with varying levels of activities and so on are provided by costing system.
Ever since the use...