Vikas Sharma

Functional budgets and the master budget: building the sales, production, material purchase, labour and overhead budgets and joining them into a budgeted profit statement, with a worked example for a small manufacturer4 Oct 2026 Make or buy, key factor, special order and shut-down decisions: using contribution and relevant cost for short-term choices, with a worked example for a small manufacturer4 Oct 2026 Break-even point, contribution, profit-volume ratio and margin of safety: how much a business must sell to cover its costs and reach a target profit, with a worked example for a small trader4 Oct 2026 Overhead variances: variable overhead expenditure and efficiency, fixed overhead expenditure and volume, and how to read them, with a worked example for a small manufacturer4 Oct 2026 Standard costing: material price and usage variances and labour rate and efficiency variances, and what each tells the owner, with a worked example for a small manufacturer4 Oct 2026 Service costing: finding the cost per unit of service for transport, hotels, hospitals and IT firms, with a worked example for a small transport operator4 Oct 2026 Joint products and by-products: apportioning joint cost at the split-off point and deciding whether to sell or process further, with a worked example for an oil mill4 Oct 2026 Process costing: normal loss, abnormal loss and gain, and equivalent units of work-in-progress, with a worked example for a small chemical unit4 Oct 2026 Job costing: the job cost sheet, collecting material, labour and overhead for each order and quoting a price, with a worked example for a printing press4 Oct 2026 Batch costing and economic batch quantity: how to cost a production run and decide its size, with a worked example for a component maker4 Oct 2026 Reconciliation of cost and financial accounts: why costing profit differs from book profit and how to reconcile the two, with a worked example for a small manufacturer4 Oct 2026 Cost sheet: prime cost, works cost, cost of production, cost of goods sold and cost of sales, and how to price from it, with a worked example for a small manufacturer4 Oct 2026