The aim of this book is to understand: Introduction to Cost Management – Cost Accounting to Cost Management – Elements of costs – classification of costs – Methods of costing – Cost Management Tools – A Strategic View to Cost Management – Preparation of a Cost Sheet. Overheads Classification and Collection Difference between Cost Allocation and Cost Apportionment Full-fledged Problems on Primary and secondary distribution Simultaneous equations Absorption of overhead Theory on under and Over absorption of Overhead.