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.