Controlling Costs

Workbook introduction- ILM Super Series study links; Links to ILM qualifications; Links to S/NVQs in management; Workbook objectives; Activity planner; Session A: classifying costs- Introduction; Organizational costs; Labour costs; Materials costs; Overheads; Fixed and variable costs; Break-even analysis; The need to control costs; Summary; Session B: standard costing- Introduction; Setting standards; Standard costing in practice; Variances from the standard; The value of standard costing; Summary; Session C: controlling and reducing costs- Introduction; Cost information and decisions; Cost centres; Control through cost centres; Cost consciousness; Checklists for controlling costs; Cost reduction; Summary; Performance checks; Review and reflect;