A Project Report On: A Study On Cost Management at Birdy Exports Private Limited, Bengaluru
A Project Report On: A Study On Cost Management at Birdy Exports Private Limited, Bengaluru
MASTER OF COMMERCE
BY
P.SWETHA LAKSHMI
BANGALORE-5600102
A STUDY ON COST MANAGEMENT BIRDY EXPORTS PRIVATE LIMITED
INTRODUCTION:
Cost Accounting measures and reports cost and other information related to the organizations
acquisions or consumption of resources. It provides information for both Management
Accounting and Financial Accounting. Many costing systems have multiple cost objects,
Managers at a factory can collect cost for their mass produced products for the assembly plant
and for customers who have globes assembled at the plant.
This study is about Cost Management and it is conducted to know how the company analyzes
the cost of the product, plan to reduce the cost of the product, the technique it uses for cost
reduction and the pattern of fixing the prices to earn reasonable amount of profit for its
survival and expansion, keeping in touch with competitors. This study will help to have
update knowledge of costing.
Page 2
A STUDY ON COST MANAGEMENT BIRDY EXPORTS PRIVATE LIMITED
SCOPE OF STUDY:
The data covering under the study of Cost management is element wise cost sheet, to find out
the product produced and profitability of the company and to maneuver the cost analysis, with
the help of feasible solutions and finally evaluate the performance of BIRDY EXPORTS
PRIVATE LIMITED.
It also includes an insight into the finance department, which includes Bills receivable section,
Bills Payable section and Book Keeping section.
Research Methodology described the various steps that are generally adopted by a researcher
in studying the research problem along with the logic behind them. The methodology used is
the study is descriptive methodology. Data is important for any study has been obtained from
the Secondary data can be collected from the operating statement report of the company for
the last 3 years and efforts is made to prepare overall cost-sheet by using secondary data
present in the operating statements.
Methods used are Marginal costing in conjunction with other techniques such as standard
costing or budgetary control.
Page 3
A STUDY ON COST MANAGEMENT BIRDY EXPORTS PRIVATE LIMITED
RESEARCH DESIGN:
Information is collected from the data provided by the BIRDY EXPORTS PRIVATE
LIMITED.
Further data is collected from observations.
Design regarding study period in this in 2 months. The company’s operating statement has
been used to make the analysis and interpretation.
SOURCES OF DATA:
The primary data will be collected from the information provided by the BIRDY EXPORTS
PRIVATE COMPANY and through consultation through various departmental heads and
also through observation.
The secondary data will be collected from operating statement of past 3 years of the BIRDY
EXPORTS PRIVATE COMPANY.
This cost management provides data about profitable and unprofitable products and
activities.
All items of costs can be analyzed to minimize the losses and wastage emerging from the
manufacturing process and reduce the costs associated with different activities.
Cost Accounting also provides cost data and information to determine the price of the
product.
Cost data can be obtained and compares with standard cost within the firm or industry.
Page 4
A STUDY ON COST MANAGEMENT BIRDY EXPORTS PRIVATE LIMITED
Negotiations with Government and labor unions can easily be made with the information
provided by the cost accounting system.
More accurate and reliable financial accounts can be prepared promptly for the use of
management.
CHAPTER SCHEME:
CHAPTER 1- INTRODUCTION
This chapter includes a brief introduction towards the History, Growth and Current prospects
of textile industries in India, a brief introduction to the concept of Cost Management,
Elements of costs, Costing procedure, Systems of costs, Costing techniques, Classification of
costs, Marginal costing, Break even analysis, Profit-volume ratio, Margin of safety, cost-
volume-profit analysis.
This chapter includes title of the study, statement of the problem, objective of the study,
scope of the study, methodology, tools of data collection, significance of study, limitations of
the study.
This chapter speaks about the company dealt with, bringing out its area of operation and its
achievements in the field.
Page 5
A STUDY ON COST MANAGEMENT BIRDY EXPORTS PRIVATE LIMITED
This chapter concentrates on analysis of the data so obtained and interpretation of the same.
Each objective is considered seperatelely and the analysis and interpretations were drawn for
these.
This chapter includes the list of various books, websites that are referred and used in the
study on cost management.
CHAPTER 7- ANNEXURE
This chapter includes the copy of questionnaire used, financial statement of the company,
calculations supporting interpretation etc.
SIGNATURE OF GUIDE
Page 6