WBCHSE Costing & Taxation study plan

Distinguish cost classification bases (element, function, behaviour, controllability) and write one worked example of each

Classify a list of 20 overhead items into factory, office, selling and distribution categories without error

Apply the primary apportionment methods for rent, power, depreciation and canteen costs to three departments

Complete the step-ladder and reciprocal (simultaneous equation) methods for two service departments serving three production departments

Compute overhead absorption rates under direct labour hour, machine hour and direct material cost bases and compare the resulting over/under absorption

Calculate machine hour rate from a given cost data set including standing charges and running charges

Prepare a full cost sheet from a raw trial-balance style data set, showing prime cost, factory cost, cost of production, cost of sales and profit

Reconcile a cost sheet figure to a financial profit figure using the four standard adjustment categories

Compute reorder level, minimum level, maximum level and average stock level from lead-time and consumption data

Value material issues under FIFO and weighted average and explain the effect of each on closing stock and cost of sales

Prepare a store ledger account for one item across six transactions using FIFO with returns handled correctly

Compute labour cost per hour including idle time, overtime premium and fringe benefits for a small workforce

Compute gross wages under Halsey, Rowan and straight piece rate for the same data set and rank the schemes by worker earnings

Calculate labour turnover under separation, replacement and flux methods and interpret the gap between them

Prepare a contract account with work certified, work uncertified, retention money and notional profit transfer to profit and loss

Distinguish job, batch and contract costing by cost unit, cost accumulation and profit recognition timing

Prepare a process account with normal loss, abnormal loss and abnormal gain, including scrap realisation and equivalent units

Compute the value of closing work in progress using equivalent production under FIFO and average methods

Prepare a service costing statement using a composite cost unit such as per passenger-km or per bed-day

Draft the reconciliation statement between costing profit and financial profit for a scenario with six reconciling items

Determine residential status for six individual fact patterns covering 182-day, 60-day plus 365-day and deemed resident rules

Map a list of 25 receipts to the correct head of income with reasons for each classification

Distinguish capital from revenue receipts and explain the treatment of agricultural income and casual income

Revise cost concepts by writing definitions of cost unit, cost centre, sunk cost, opportunity cost and differential cost from memory

Compute income under the head salaries including allowances, perquisites and retirement benefits for two cases

Compute income from house property with municipal value, fair rent, standard deduction and interest on borrowed capital

Compute total income applying set-off of house property loss against other heads and carry forward rules

Apply the correct slab rates, rebate and surcharge to arrive at tax liability and tax payable after TDS and advance tax

Complete two full-length mock papers under timed conditions and record section-wise scores

Redo every question answered incorrectly in weeks 1 to 7 and log the error cause as concept gap, calculation slip or misread

Summarise the ten highest-frequency formulas across overheads, materials, labour and taxation onto a single revision sheet

Verify that reconciliation, cost sheet and tax computation answers all include the workings needed for method marks