COMPARATIVE ANALYSIS OF COST ACCOUNTING PRACTICE IN WOLKITE FLOUR COMPANY AND SEMIRA FLOURE FACTORY

Abstract

The study “Comparative analysis of cost accounting practice’’ was conducted on Wolkite flour factory and Semira flour factory”. The main objective of the study is to comparatively analyze the cost accounting practice of Wolkite flour factory and Semira flour factory. To achieve this objective, used descriptive research design with both primary and secondary data sources were used. Primary data were obtained using questioners distributed to the respondents whereas secondary data were obtained from annuals records and financial statements of the factory. The result of the data analysis showed that comparatively analyze the way of managing cost of material, labor and manufacturing overhead, allocate cost to cost object and cost accounting method. Based on findings, recommendations and suggestions forwarded to Wolkite and Semira flour factory.