This book offers a basic introduction to the cost accounting subject which is very useful for readers who are interested in costing principles and application at the introductory level. It is a key component of management accounting courses taught at universities specifically at the undergraduate level. It introduces the basic cost concepts which form the critical foundation in the management accounting field. Basic Cost Accounting is an essential reading for all undergraduate students, both for the accounting and non-accounting students who are taking introductory costing and management accounting courses. Each chapter contains comprehensive coverage of the relevant topics and ends with practice questions. These practice questions can be conveniently used by instructors in class and used by students for effective independent learning.