PROJECT REPORT ON

“A STUDY ON BATCH COSTING FOR ENHANCEMENT OF

SALARY AND WAGES AT EVERBLUE APPAREL LTD”

MASTER OF BUSINESS ADMINISTRATION

BANGALURU CITY UNIVERSITY

Submitted by: SHYLAJA A

Reg. NO: P18IA22M015125

Under The Guidance of

Prof. CHANDRIKA C

VIVEKANANDA INSTITUTE OF MANAGEMENT

Dr Rajkumar Road Rajajinagar Bangaluru - 560055

2023 -2024
 JANATHA EDUCATION SOCIETY ( R )

VIVEKANANDA INSTITUTE OF MANAGMENT

(Affiliated to Bengaluru City University and approve By

AICTE, New Delhi )

CERTIFICATE OF ORIGINALITY

This is to certify that report entitled “A STUDY OF BACH COSTING FOR

ENHANCEMENT OF SALARY AND WAGES AT EVERBLUE APPAREL LTD”
is an original work of Ms. SHYLAJA A bearing University Register Number
P18IA22M015125 and is being submitted in partial fulfillment for the award of the
Master’s Degree in Business Administration of Bengaluru City University. The report has
not been submitted earlier to any University / institution to fulfill the requirement of any
course of study. Ms. SHYLAJA A is guided by PROF. CHANDRIKA C Who is the
faculty Guide as per the regulations of Bangaluru city University.

SIGNATURE AND SEAL OF PRINCIPAL/ HOD

 DECLARATION BY THE STUDENT

I hereby declare that the “A STUDY ON BATCH COSTING FOR

ENHANCEMENT OF SALARY AND WAGES AT EVERBLUE APPAREL
LTD ” is the result of the work carried out by me under the guidance of Prof.
CHANDRIKA C in partial fulfillment for the award of a Masters of Business
Administration by Bangaluru City University. I also declare that this report is the
outcome of own efforts and that is has not been submitted to any other University or
Institute for the award of any Degree/Diploma Certificate. I also declare that the
business immersion report is not presented in any form earlier than this.

Place: Bangaluru Name: SHYLAJA A

Date: Reg no: P18IA22M015125
 GUIDE CERTIFICATE

This is to certify that Business Plan Report “A STUDY ON BATCH COSTING FOR
ENHANCEMENT OF SALARY AND WAGES AT EVERBLUE APPAREL LTD”
In Doddaballapura Submitted by “Ms. SHYLAJA A Reg No: P18IA22M015125.
Bengaluru for the award of Degree of Master of Business Administration is a record of
work carried out by her under my guidance.

Place: Signature

Date:
 ACKNOWLEDGEMENT

I would like to express my gratitude towards all people who have helped me with the
successful completion of the project. Without their encouragement, active guidance and
cooperation thisproject would not have been success.

I would like to express my gratitude to our project guide Prof CHANDRIKA C Associate
Professor for his active guidance in successfully completing this project. I express my
sincere regards to H O D. Prof. Naresh Kumar H O D of Vivekananda Institute of
management and all other staff for their valuable help, guidance ,encouragement and
creative suggestions in finalizing this dissertation.

Finally I am thankful to parents and friends for their continued moral and material support
throughout the course and helping in filizing the project
 CONTENTS

PAGE
SL.NO TITLE
NO

1 01-13
DISCRIPTION OF THE COMPANY

2 14-21
INTRODUCTION

3 22-32
PROBLEM STATMENT

OUTCOMES OF INDUSTRY
4 33-36
INTERNSHIP PROGRAM
EXPERIMENTAL LEARNING &
5 CONCLUSION OF THE IIP & 37-41
INTELECTUAL BENIFITS
A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT EVERBLUE
APPAREL LIMITED

CHAPTER- 1

DESCRIPTION OF THE COMPNY

VIVEKANANDA INSTITUTE OF MANAGEMENT 1

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT EVERBLUE
APPAREL LIMITED

SECTION -1

INTRODUCTION;

In Doddaballapur, close to Bangalore, Raymond established Ever Blue Apparel Ltd., a cutting-
edge denim wear facility that provides our customers with a full range of denim solutions. Our
ambition to forward integrate our denim fabric segment is dependent on this plant. The facility is
regarded as one of the best in Asia because to features including a state-of-the-art design studio,
computerized cutting, automatic sewing, laser blasting, spraying, sandblasting, and a washing
unit with central controls.

The plant has the capability to show out 1.5 million clothes per annum with integrated garment
style our producing capabilities area unit complimented by Associate in Nursing-in-house style
studio and sampling unit. Dedicated sample laundry machines machines guarantee fast
turnaround of sample. Today we have tendency to area unit the developing and producing
parameters of leading global brand. This has been created potential by the optimum use of
contemporary technology. The use of a high degree of automation right from computerized
Gerber spreader and utter to optical maser patterning and finishing.

VIVEKANANDA INSTITUTE OF MANAGEMENT 2

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT EVERBLUE
APPAREL LIMITED

History

One of the biggest branded fabric and apparel stores in India is the Raymond group. In
1925, it was incorporated. With a capacity to create 31 million meters of wool and wool blended
fabrics, it is one of the world's top integrated producers of worsted suiting fabrics.

The clothing brands owned by the group include Park Avenue, Park Avenue for women, color
plus, and par, as well as Raymond premium gear. "The Raymond Shop" (TRS) is the retail outlet
for all of the brands. one of the biggest networks, with more than 700 retail locations in more
than 200 arties throughout India and beyond. With an annual capacity of 40 million meters,
Raymond's denim unit was established in 1996 as a joint venture with an Italian denim
manufacturer. Its world-class manufacturing facilities include the newest finishing equipment,
such as mercerization and pigment coding, as well as state-of-the-art ring spinning, rope in
slashes dyeing rapier, and air jet wiring.

Ever Blue is a clothing division of Raymond UCO Denim Private Limited and a fully owned
subsidiary of Raymond Limited. It began operations in 2005 and is situated on 14.5 acres of
beautiful, green terrain, with facilities that meet the highest international standards. The factory
can currently produce 2.5 million pieces annually.

VIVEKANANDA INSTITUTE OF MANAGEMENT 3

 A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

ABOUT EVER BLUE APPAREL LIMITED

D1 and D2,Apparel park, KIDBA industrial

Address area,
Doddaballapur, Bangalure- 561203
Business Manufacturing of ready made garments ( jeans
)

Company status Privately owned

New Hind house, Narottam Morarjee Marg

Registered office Ballard
Estate, Mumbai- 400001
Country India

Telephone no ( 91-22) 22686000

Fax (91-22) 22620052

Email Everblueapparels@gmail.com

Banker Axis Bank

Website www.raymod.co.in

Number of Employees 2935

VISION STATEMENT
“ To be respected and preferred by discerning customers worldwide as being the most creative and
efficient global partners for the jeans wear supply”.

MISSION SYATEMENT
“We will strive to weave in the core Raymond values namely quality, trust, leadership, And
excellence in all our actions and HR process so as to make every Raymodite a complete man

VIVEKANANDA INSTITUTE OF MANAGEMENT 4

 A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

VALUE STATEMENT
1. Customer joy and satisfaction
2. Better performance quality.
3. An awareness of the local community and environment.
4. Enthusiastic about perfection.
5. Equitable for all.
6. To offer a healthy and safe working environment.

COMPANY OBJECTIVES:
1. Provide creative and quality products to customers.
2. Larger market share.
3. Create value for society, customers and employees.
4. Lower cost.
5. To meet customer requirement.
6. Describe key careers in the textile industry.
7. Describe key careers in the fashion promotion industry.
8. Describe key careers in the design and manufacturing industry.

PRODUCTS:

VIVEKANANDA INSTITUTE OF MANAGEMENT 5

 A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

1. Denim Jeans
2. Chinos
3. Jamaican
4. Half Pants
5. Cargo Pant

FUNCTIONS OF CAD DEPARTMENT:

1. Determining cutting average for costing.
2. Making the best markers.
3. Pattern creation and modification.

4. The grading-based development of a size-set pattern.

CUTTING SECTION:
The cutting department performs six important functions. The purpose of cutting
department is to ensure Cut parts meet the requirement of style and pass on to sewing section. The
company places orders for the Required cloth three months before the actual bulk production
starts and then the actual production Operations of cutting department starts.

SEWING SECTION:
One of the largest departments in the production division is the sewing department. It is
an exhaustive guidebook. Sewing machines are used in the process of sewing. There will be a
range of 600 to 800 stitches per minute produced by the sewing. To guarantee that the product is
made in accordance with the buyer's specified style, a stitching order is provided that includes all
the necessary information, including targets, style, order quantity, buyer needs, and other
parameters. There are 15 lines in the sewing division of this enterprise, and 1300 people are
employed there.

SCRAPING SECTION:
Scraping section is not only used for removal of dust from the garments but also for
creation of perfect design and shapes of the garment. It is a technique used to make desired
patterns as per the needs of the buyer

VIVEKANANDA INSTITUTE OF MANAGEMENT 6

 A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Different types of scraping used in the factory are :

Whickering process
Hand scraping
Damage and destruction process

WASHING SECTION:
Washing section is another important section of production. The washing section is the only
section that works on shifts basis and hence it operates 24 hours a day. The main aim of washing
section is providing color and texture to the garments. It is including the wet washing, dry washing
PP spray (is used to make shades on the garment.)

FINISHING AND PACKING SECTION:

Finishing section is the another important section of production department. It gives a
complete look to the garments. The finishing section acts as a link between inventory and other
production section. The finishing section works simultaneously with packing section, hence both
the section has combined process
1. Counter checking
2. Leather patches marking, setting, attaching & checking
3. Button & Rivet pressing & checking
4. Trimming
5. Pocket cleaning
6. Dusting
7. Iron garments
8. Final finishing audit , Metal detecting
9. Price tag attaching
10. Folding the garments

11. Size wise segregation of the garments

12. Carton packing & audit.

MARKETING DEPARTMENT :

The Marketing department in company is very important department and as it place duel
rolof internal & external management. It is a separate department in the entire organization. The

VIVEKANANDA INSTITUTE OF MANAGEMENT 7

 A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

entire Organization depends on the marketing department to perform various duties of other
departments. The Company has a unique format under marketing department. The marketing
team Perform three important Functions of purchase materials , allocation of right materials and
marketing of the products.

1. LOCATION OF THE COMPANY :

Ever Blue Apparels Limited, RAYMOND UCO DENIM PVT.LTD., D1&D2,Apparel
park, K.I.A.D.B., Industrial Area, Doddaballapur, Bangalore-561203

2. NUMBERS OF EMPLOYESS :
The total number of employees in the company is 2935 in various departments. The
employees are distributed among various department namely,
Production department:
• Cutting section - 193
• Sewing - 1200
• Scraping - 401
• Washing - 110
• Finishing & Packing - 406
• Quality checking - 289
• Sampling - 102
• Scrapping - 401
• Development - 30
• HRD - 15

3. DIVISIONS OF THE COMPANY :

CORPORATE OFFICE: Raymond Limited , New Hind House,

Narottam Morarjee Marg, Ballard Estate,
Mumbai-400 001, Maharashtra, India

VIVEKANANDA INSTITUTE OF MANAGEMENT 8

 A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

➢ Raymond Ltd., situated in Mumbai, Maharashtra, is the world's largest integrated fabric
maker. In India, it holds a market share of more than 60% for suits. It is also the largest
producer of woolen fabrics in India.

➢ The company's textile sector consists of over 4000 multi-brand outlets and over 637
exclusive retail shops inside the domestic market.

➢ It is the largest collection of styles and colors by a single firm, with over 20,000 different
designs and colors of suiting cloth. In 2015, the Brand Trust Report named it as the most
trusted apparel brand in India
.
➢ Over 30,000 stores sell suits in over 400 towns in India, while an exclusive chain has
locations in over 150 cities. More than 55 nations receive its exports, including the US,
Canada, Europe, Japan, and the Middle East.

GROUP OF COMPANIES:
1. Raymond Ltd
2. Raymond Apparel Ltd
3. Color Plus Fashion Ltd
4. Silver Spark Apparel Ltd
5. Ever Blue Apparel Ltd
6. Celebrations Apparel Ltd
7. Raymond Luxury Cottons Ltd
8. J.K. Helene Curtis Ltd
9. J.K. Investor Trade (India) Ltd
10. J.K files (India) Ltd
11. Ring Plus Aqua Ltd
12. Trinity India Ltd

VIVEKANANDA INSTITUTE OF MANAGEMENT 9

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

4. MAIN FUNCTIONS OF THE COMPANY :

Ever Blue Apparel Limited is engaged in the business of converting fabrics into
Readymade garments on a contractual basis . It is prepared by Readymade products like
Denim Jeans, Chinos , Jamaican , Half Pants , Cargo Pant.

5. CUSTOMER PROFILE :

CUSTOMER

DKNY
French collection
Guess jeans
Marks and Spencer

VIVEKANANDA INSTITUTE OF MANAGEMENT 10

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES
AT EVERBLUE APPAREL LIMITED

6. ADMINISTRATIVE STRUCTURE

VIVEKANANDA INSTITUTE OF MANAGEMENT 11

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

SECTION-2

BUSINESS MODEL CANVAS TOOL

VIVEKANANDA INSTITUTE OF MANAGEMENT 12

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Key Key Value Customer

partnerships activities prepositions Relationships Custo
mer
Suppliers of Raw Raw material High-quality Building long term Segme
materials sourcing fabrics relationships
through excellent nts
Machinery Sewing Customization customer service,
providers options Wholesal
Cutting Addressing e buyers
Distribution Competitive concerns promptly such as
channels Stitching pricing offering after-sales garment
support manufact
Possibly Quality control Timely delivery urers
technology
partners for Packaging and Sustainable and Fashion
machinery and distribution ethical designers
software Key manufacturing Channels
practices Retailers
Resources
Innovative Sales Direct
Factory designs and representative consume
infrastructure customer rs
Online platforms
service
Distribution Corporat
networks Trade shows e clients

Machinery for Retail stores

preparation
Partnership with
Skilled labours distributers

Cost Revenue streams

Costs associated with raw materials, labor, Revenue generated through sales of
machinery maintenance, utilities, fabrics, possibly through wholesale or
transportation, marketing, research and retail channels, and additional revenue
development, and regulatory compliance. streams such as customization services,
consulting, or licensing.

VIVEKANANDA INSTITUTE OF MANAGEMENT 13

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

CHAPTER – 2

INTRODUCTION

VIVEKANANDA INSTITUTE OF MANAGEMENT 14

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

INTRODUCTION

A collection of products' costs are determined by batch costing. It is comparable to work

costing. Instead of a single product, the cost unit is a set quantity of related products purchased at
the same time. This strategy is used in businesses where changes in technology, fashion, taste, or
trends make continuous production impractical. Companies that use this approach may include
companies that make shoes, nuts, and bolts, medications, and other items

An additional method of specific order costing is batch costing. A batch is made up of the same
units. Wooden pencils can be produced in batches, containing pencils with varying colors,
diameters, and lead softness.

There could be more examples including cigarettes, narcotics, clothes, shoes, printing, and
technical supplies. Up until it is physically divided, each batch is coasted as a job. The entire cost
of a batch is divided by the number of things produced in the batch to determine the cost per unit.

BATCH COSTING – MEANING,

When things are made in batches and kept in stock for later assembly to create finished goods or
for consumer sale, batch costing is utilized. Expenses are gathered for every batch. Cost per unit
is calculated at batch completion by dividing total cost by the quantity of units in each batch.

Management of a business organization is required to take viable decisions for the fulfillment of
specific goal however efficient decision making process is governed by minimum cost with
optimum performance in this process; management needs financial data to make its decision
cost effective. Cost accounting provides cost data with regard to operational behavior of
business. The dictionary meaning of Cost accounting provides cost data with regard to
operational behavior of business.

The following factors are to be considered for determination of Economic

Batch Quantity.
1. figuring out the price per batch.
2. Each unit of production costs.
3. The price per unit of goods or storage.

VIVEKANANDA INSTITUTE OF MANAGEMENT 15

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

4. Interest rate on the funds borrowed to produce the items

5.The yearly demand for the product.

BATCH COSTING –MEANING AND DEFINATION,

When products are made in set batches and kept in stock for either consumer sales or multiple
assembly of components to create a final product, or both, batch costing is applied. For example,
batch costing can be employed profitably and conveniently in the manufacturing of component
parts for final assembly of radio sets, watches, and so on. Shirts can be produced by a ready-
made garment factory in appropriate amounts based on size and kept on hand for sale when
needed.
According to I.C.M. A., London, ―Batch Costing is that form of specific order
costing which applies where similar articles are manufactured in batches either for sale-or use
within the company‖.
Batch costing is widely utilized in watch manufacturing, radio and television assembly, and
component cost computation. Likewise, batch pricing is used to determine the cost per completed
unit of the product in the production of toys, shoes, and other items.

BATCH COSTING – NATURE AND USES

A modified version of task costing is called batch costing. Batch costing is employed when
goods are made in set batches, whereas job costing is concerned with the costing of projects that
are carried out in response to individual customer requests. Usually, the items are maintained in
stock so that clients can purchase them as needed..

The "lot" in which the articles are to be manufactured is referred to as the batch. When a specific
product is needed, many of them—let's say 500 or 1,000—are manufactured rather than just one
unit of that product. As a result, it is often referred to as "Lot Costing."
This costing technique is applied in the pharmaceutical and drug industries, ready-made clothing
manufacturers, and industries that produce radio, television, and watch component parts, among
other industries. With the exception of using a batch as the cost unit rather than a work, the
costing process for batch costing is comparable to that of job costing.

VIVEKANANDA INSTITUTE OF MANAGEMENT 16

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Every product batch has its own set of task cost sheets. A number is assigned to each batch.
Batch-wise preparation of material requisitions, batch-wise engagement of direct labor, and
batch-wise recovery of overhead are all done. The calculation of cost per unit involves dividing
the entire cost of a batch by the quantity of goods produced within that batch. Standard inventory
control principles are applied.

According to the chartered Institute of Management Accountants (CIMA) in London, a cost is

"resource given up or sacrificed in order to accomplish a specific objective." Usually, costs are
expressed in monetary terms. Cost is the total amount of money spent, real or imaginary, on or
related to a certain item or activity.

Costs are always calculated in relation to some thing, such as labor, materials, fixed variable
jobs, direct, indirect, and processed. Cost object, according to its definition, is any action for
which a distinct cost measurement is required. It could be a process or activity that involves the
consumption of resources like labor, materials, and so on.
The price of ignorance. Cost is the total amount of money spent on or related to a certain good or
service, whether real or hypothetical. The money or resources involved in a purchase,
commercial transaction, or any other activity can be summed up as costs. Various industries use
various techniques to determine the expenses associated with the type of output and form of
production.

VIVEKANANDA INSTITUTE OF MANAGEMENT 17

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Thus, the elements of cost may be summarized as follows:

▪ Direct materials and indirect materials.

▪ Direct wages and indirect materials,

▪ Direct wages and indirect wages,

▪ Direct expenses and indirect expenses.

The batch cost is defined as "affricated costs relative to a cost unit which consists of a group of
similar building products Job costing can be characterized by a single product service, but in
batch costing, manufacture of similar or identical products will form a batch. The important
feature of batch costing is that identical products should be produced and that it should be
convenient to group them in toa production batch rather than attempt to separate them and cost
them individually.

For example: maple bricks are coasted per thousand and it will not be practically viable to
analyze the production cost brick.

The costs of each batch are ascertained in the same way as for an individual job. Each batch is
identified by a number and careful recording of materials issued scarp. Labor time and overheads
for the batch willbuild –up the batch cost card. In this why cost of batches can be compared and
variations investigated a Unit cost can be ascertained by dividing the batch cost number of units
in a batch as follows:

Total Cost of Batch

𝐶𝑜𝑠𝑡 𝑝𝑒𝑟 𝑈𝑛i𝑡 =

No of units produced in batch

Batch casting may also be similar to continuous operation costing, because for the production
costs are not attachable to single individual product as it being processed but rather the cast of
the group of products is averaged over the number of units that are produced in the batch

VIVEKANANDA INSTITUTE OF MANAGEMENT 18

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Characteristics of batch costing:

1. The batch is the unit of production.

2. Each batch is a quantity of identical units.

3. Production is continuous and takes place before demand.

4. Direct costs such as raw materials, labor and setup expenses are allocated directly to the
batch.

5. Indirect costs are applied to the batch using an appropriate predetermined overhead rate.

6. Batch costing can be applied to manufacturing and non-manufacturing operations.

Methods of batch costing

MOTHODS

TIME RATE PLAN PIECE RATE PLAN

Time Rate Plan:

This is a simplest and of course the oldest type of wages plans. In here the wages are paid
on the basis on time which a single worker corporate to complete the producing a single article.
Simply we can say in time rate plan is employers are salaried for the total time they have spent at
employment work. This can be calculating in man hours or man minutes or else on daily weekly
or monthly the following formula is using to calculate this method.

Gross Payment =the total time worked A-Rate per the time (Hours/ Minutes) (Per hour/per
minute)

VIVEKANANDA INSTITUTE OF MANAGEMENT 19

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Piece Rate Plan:

This is also identified as piece work performance related pay. This is depending on the
total quantity of the outputs which the employer has produced. In here the worker means
employer is paid a fixed payment for every single unit of production regardless of the time.
Simply we can say it pays for the result thus people say this as "payment by result system". From
this method business can have a better output and also they can make sure that employees are
salaried for the sum of work they do. The following formula is used for this method.

Straight Unit Work =Quantity of good units A-Rate for a single

Types of batch costing

TYPES

Set up costs Carrying cost

1. Set up costs:

Set up cost is the cost incurred to get equipment ready to process a different batch of
goods; hence set up cost is regarded as a batch level cost in activity based costing the greater
cost output is the lost opportunity of manufacturing profitable output while the machine is
idled duringthe set up time.
2. Carrying cost:

In marketing, carrying cost, carrying cost of inventory or holding cost refers to the total cost
of holding inventory. This includes warehousing costs such as rent, utilities and

salaries, financial cost such as opportunity cost, and inventory costs related to perish ability,
shrinkage (theft) and insurance.

VIVEKANANDA INSTITUTE OF MANAGEMENT 20

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Advantages of batch costing

1. The accounting work is considerably reduced as a group of homogeneous jobs constitute a

batch.
2. The variations in the costs arising under job costing are smoothened by means of
averaging suchcosts and spreading over the batch of articles. This gives a consistent cost
of production of everyarticle in the batch.
3. It takes the benefit of reduced cost of production arising out of EBQ.

4. Supervision becomes very easy and effective. So idle time is eliminated.

5. The loss of time due to inter job transfer of materials, laborers and tools is minimized
under batchcosting.

6. Labor cost is reduced.

7. Customer’s different demands can be met.

8. Use of special is machines and automation reduce costs.

Disadvantages of Batch costing:

1. Determination of a batch from various jobs often poses problem. It is difficult to come
acrossabsolute homogeneity of jobs.
2. When quantity of goods to be manufactured differs from customer to customer, it becomes
difficult to determine the batch.
3. If the production of a batch is wrongly undertaken due to sub-standard of materials or
defective operation, the whole batch of articles are required to be discarded which causes a
great loss to themanufacturing concern.

VIVEKANANDA INSTITUTE OF MANAGEMENT 21

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

CHAPTER – 3
PROBLEM STATMENT

VIVEKANANDA INSTITUTE OF MANAGEMENT 22

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

The research finding about cost and enhancement of salary and was of now creative. The print to
carry out research program me is the research design much less a project sport is to define the
problem in a sublime manner before one venture into the task of finding solution to problem.
Therefore, identification, the technique to be used for processing the type of data required
analyzing and interpreting the data effectively are all forms the part of research design

❖ A clear statement of the research problem

❖ A specific of data required

❖ Procedure and techniques to be adopted for data collection

❖ A method of processing and analysis of data

A systematic search for an answer to a question or a solution to a problem is known as

researchmeans A search for facts answers to questions and solution to problems

According to EMORY "Any organized enquiry defined and carried out to provide
information forsolving problems.

STATEMENT OF THE PROBLEM.

The study focuses on analyzing the effectiveness of reducing batch costing to facilitate increased
salary and wages at EVER BLUE APPAREL Limited. It concurrently examines variations in
expenses and their impacts on the company's overall operations. Implementing a reduction in
batch costing to accommodate higher salaries and wages appears to pose challenges for the
company's smooth functioning.

OBJECTIVES OF THE STUDY

1. To understand the concept of batch costing

2. To analyze the costing of the company
3. To know the growth of the company.
4. To give the suggestion based on study

VIVEKANANDA INSTITUTE OF MANAGEMENT 23

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

The methodology is used in studying the problem here it is used to study the "Reduction
in for enhancement of salary and wages at Ever blue apparel limited. In this report indicated how
the reduction in batch costing for enhancement of salary and wages of the managers adapted
in the company throughthe operational procedures

The sampling techniques used judgment sampling which is one of the purposive sampling
techniques. The respondents for the study have been selected based on the experience and
expertise for the given role. Using these selected respondents further contacts were established
and converted into respondents

SOURCES OG THE SYUDY

Secondary data

Secondary data has been obtained from various sources such as

Company annual reports

Books

Articles

Journals

SCOPE OF THE STUDY

The study was mainly concentrated on Reduction in batch costing adopted by the
company the companies cost control will influence more on the level of cost management of the
company. So, the study of cost has an important role to understand the efficient system of the
company

The studies is also standard costing analysis which is adopted by the company for cost control
which will give a clear picture about the effectiveness and in selection of appropriate cost control
system. The study also includes "Break even analysis and preparation of cost sheet of the
company

VIVEKANANDA INSTITUTE OF MANAGEMENT 24

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

REVIEW OF LITRATURE

Harry hoizer ( 1989 ) : Research offers insights into how the wage scale within a
company influences its expenditures on hiring and training, alongside the observable traits and
effectiveness of its workforce. This investigation leverages data from a comprehensive survey of
firms, encompassing metrics such as hours allocated to recruitment and training for their latest
hire, the profile (e.g., experience, tenure) and performance (subjective evaluations) of said hire,
and indicators of recruitment challenges like vacancy rates. The analysis distinguishes between
the wage premiums linked to unionization versus those attributed to firm size and/or industry.

Smith, J ( 2023 ) : The use of batch costing to increase pay by combining industry
standards and previous studies. It draws attention to advantages like better cost control as well as

difficulties like data complexity. It is incorporating technology, personalization, staff

engagement, and ongoing enhancement into batch costing procedures to increase pay.

Johnson, A ( 2022 ) : In this journal The potential of batch costing to promote fairness
and alleviate pay discrepancies. He examines the empirical data and theoretical foundations. To
guarantee fair remuneration methods, fairness factors are being incorporated into batch costing
models and decision-making procedures.

Chen, L. ( 2024 ) : The empirical study on the effect of batch costing on employee pay is
published in this journal She notes recurring results and difficulties. It is investigating the
moderating impact of contextual factors on the relationship between employee compensation
outcomes and batch costing.

Gupta, R. ( 2021 ) : The journal case studies, which cover implementation procedures and
results, of companies using batch costing to increase wages. It is creating uniform frameworks
for the application of batch costing in order to promote knowledge exchange amongst
enterprises.

VIVEKANANDA INSTITUTE OF MANAGEMENT 25

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Martinez, S. ( 2023 ) : This article reviews theoretical frameworks and empirical data to
examine the effect of batch costs on employee engagement and satisfaction. It suggests more
investigation into the connection between batch costing procedures and worker satisfaction.

Wang, H. ( 2022 ) : The journal summarizes studies on organizational behavior and

compensation techniques and looks at how batch costing affects employee retention. It advises
creating retention-focused batch costing models and investigating the long-term implications of
batch costing on turnover rates.

Lee, M. ( 2023 ) : In the journal, justice, responsibility, and openness are discussed along
with the ethical ramifications of batch costing in salary enhancement. It's about incorporating
moral values into batch costing models and encouraging moral judgment in pay policies.

Brown, K. ( 2024 ) : The journal identifies practical challenges organizations face when
implementing batch costing for wage enhancement, including data collection and organizational
resistance. It is developing strategies to overcome implementation barriers and providing training
to staff on batch costing methodologies.

Taylor, D. ( 2022 ) : The journal investigates how cultural variables affect batch costing
implementation and results in salary determination procedures. In order to comprehend how
cultural variations impact opinions of fairness and efficacy in batch costing procedures, it is
carrying out cross-cultural research.

Kim, S. ( 2023 ) : The journal summarizes studies on cost management and strategic
alignment and looks at how batch costing improves organizational performance. It looks into
how batch costing techniques relate to important performance metrics like market share and
profitability.

Garcia, E. ( 2022 ) : The publication investigates the potential effects on gender and ethnic

VIVEKANANDA INSTITUTE OF MANAGEMENT 26

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

pay disparities of batch costing techniques on diversity programs inside organizations. To

encourage fair remuneration practices, it is suggested that batch costing frameworks include
diversity measures

Patel, N. ( 2024 ) : This study explores the potential of batch costing to support employees'
career growth and advancement while analyzing the effects of equitable compensation policies
on employee advancement. To assist employee growth and retention, it suggests incorporating
career planning and development programs within batch costing methods.

Clark, M. ( 2023 ) : The article investigates how batch costing techniques, by maximizing
labor expenses and resource distribution, might improve organizational flexibility and agility.
The adoption of batch costing and organizational agility in various contexts and industries should
be studied in this regard.

Yang, Q. ( 2022 ) : The essay explores how businesses incorporate ethical considerations
into pay schemes and looks at how batch costing procedures connect with organizational values
and objectives. It is advised to create batch costing frameworks that support the accomplishment
of strategic objectives and are consistent with business values.

Anderson, R. ( 2023 ) : The journal explores how transparent and equitable remuneration
methods support corporate social responsibility (CSR) programs, and how batch costing plays a
role in supporting CSR. It is advised to carry out empirical research to look at the connection
between CSR performance measures and batch costing procedures.

Park, Y. ( 2022 ) : The study looks at how fair remuneration policies impact workers'
perceptions of organizational justice and how batch costing affects morale and job satisfaction. It
advises looking into the connections between the use of batch costing and outcomes related to
worker well-being, like engagement and job satisfaction.

Ramirez, C. ( 2023 ) : The paper explores how batch costing procedures affect creativity
and innovation inside firms and how equitable remuneration policies can encourage staff

VIVEKANANDA INSTITUTE OF MANAGEMENT 27

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

members to provide creative ideas. It is advised to carry out long-term research to evaluate batch
casting’s effects on innovation outcomes.

Evans, G. ( 2024 ) : The difficulties and possibilities of combining batch costing with
cutting-edge technology like machine learning and artificial intelligence are examined in this
essay. It recommends looking into how automation and sophisticated analytics could improve
batch costing procedures' precision and effectiveness.

Nguyen, T. ( 2022 ) : The journal investigates the effects of batch costing procedures on
corporate values and culture, as well as the consequences for worker engagement and trust. It is
advised to carry out qualitative research to find out how staff members view batch pricing
procedures and how well they fit with company culture.

Cooper, L. ( 2023 ) : The journal investigates how fair remuneration systems foster
employee commitment and trust by analyzing the relationship between batch costing procedures
and perceptions of organizational justice. It recommends looking at how batch costing could
support distributive justice and procedural fairness in the processes used to determine salaries.

VIVEKANANDA INSTITUTE OF MANAGEMENT 28

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

CAUSES OF THE PROBLEM

1. Cost dependency: the reduction in batch costing directly affects the core cost structure of
EVER BLUE APPAREL limited. This shift can significantly impact the company’s
financial stability and profit margins, necessitating careful consideration of alternative
cost-saving measures.

2. Operational disruption: batch costing reduction may disrupt established production

workflows and efficiency, potentially leading to decreased productivity and increased
per-unit production costs. Maintaining operational efficiency while implementing
changes becomes crucial to avoid negative impacts on overall performance.

3. Market competitiveness: adjusting batch costing requires concurrent adjustments in

pricing strategies to remain competitive. Balancing reduced batch costs with increased
salaries and wages without compromising profitability demands a strategic approach to
pricing and market positioning.

4. Supply chain dynamics: changes in batch costing can trigger cascading effects throughout
the supply chain ,influencing supplier relationships, procurement costs, and lead times.
Ensuring alignment and cooperation with suppliers becomes vital to manage potential
disruptions and additional costs effectively.

5. Employee management: while higher salaries and wages can enhance employee morale
and retention, operational changes stemming from batch costing reduction may create
uncertainty or job insecurity. Maintaining transparent communication and addressing
employee concerns are essential to sustain positive morale during transitions.

6. Change management: successfully implementing batch costing reduction necessitates

thorough staff training and adaptation for to new processes. Overcoming resistance to
change and ensuring adequate support for employees are critical for a smooth transition
without compromising productivity.

VIVEKANANDA INSTITUTE OF MANAGEMENT 29

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

7. Financial viability assessment: the feasibility of reducing batch costing while

accommodating higher salaries and wages hinges on the company’s financial health and
its ability to absorb short-term losses. Strategic planning and phased implementation are
essential to mitigate risks and ensure long-term financial sustainability.

REASONS OF THE PROBLEM

1. Financial region : this encompasses the company’s fiscal landscape, including budget
allocations profit margins, and overall financial health. Lowering batch costing directly
influences cost structures and cash flow, necessitating a through examination of its
impact on financial stability and long-term prosperity.

2. Operational region : this involves the day-to-day functions of the company , such as
production processes, supply chain management, and resource utilization. Alternating
batch costing can disrupt operational efficiency , affecting productivity, delivery
schedules, and the ability to meet market demands effectively.

3. Human resources region : here, the focus is on the workforce and its dynamics. With
salary and wage adjustments, considerations include employee morale, retention
strategies, and skill development initiatives. Managing this area involves addressing employee
concerns, providing necessary training for process changes, and ensuring continued workforce
productivity.

4. Market region : pertaining to pricing strategies and market competitiveness, this

domain requires careful calibration to maintain a strong position in the market. Adjusting
batch costing while remaining competitive involves strategic pricing decisions, product
positioning .and understanding consumer behavior to suet decreasing market share and
profitability.

5. Supply chain region: changes in batch costing reverberate through the supply chain,
impacting supplier relationships, procurement costs, and logistical efficiency. This region
entails managing supplier partnerships, negotiating terms, and ensuring a seamless flow
of materials to avoid disruptions in production and distribution channels.

VIVEKANANDA INSTITUTE OF MANAGEMENT 30

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

6. Regulatory and compliance region: legal and regulatory frameworks governing the
apparel industry come into play here. Any alterations in batch costing must align with
these standards to ensure compliance and mitigate legal risks. Upholding regulatory
requirements safeguards the company’s reputation and maintains trust among stake
holders.

BIBILOGRAPY
1. Smith, J.(2023). “Optimizing Salary and Wages through Batch costing: A comprehensive
Review. “Journal of cost Management.

2. Johnson, A. (2022).”The Role of Batch Costing in Salary Equity: A Literature Review.”

Journal of Business Ethics.

3. Chen, L. (2024). “Empirical Analysis of Batch Costing in Salary Enhancement.”Human

Resource Management Review.

4. Gupta, R. (2021).” case Studies on Implementing Batch Costing for Wages

Enhancement.” International Journal of production Economics.

5. Martinez, S. (2023).”Batch Costing and Employee Satisfaction: A Review.”Journal of

Organizational Behavior .

6. Wang (2022).” Batch Costing and Employee Retention: A Review.” Journal of Human
Resource Management.

7. Lee, M. (2023),” Ethical Consideration in Batch Costing for Salary Enhancement.”

Journal of Business Ethics.

8. Brown, K.(2024). “Practical Challenges of Implementing Batch Costing for Wage

Enhancement. “ Journal of Management Accounting Research.

9. Taylor.(2022).”Cultural Implications of Batch costing in Salary Determination.”

International Journal of Cross-Cultural Management.

10. Kim, S.(2023). “Strategic Roll of Batch Costing in Organizational performance.”

Strategic Management Journal.

11. Garcia.(2022). “Batch Costing and Diversity: A Review.”Diversity and Inclusion in

Organizations.

VIVEKANANDA INSTITUTE OF MANAGEMENT 31

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

12. Patel.(2024).”Batch Costing and Career Progression: An Examination.” Journal of Career

Development.

13. Clark, M. (2023), “Batch Costing and Organizational Agility” A Review.” Journal of
Organizational Change Management.

14. Yang, Q. (2022),”Aligning batch costing with organizational values: A Review. “Journal
of business strategy.

15. Anderson. ( 2023), “ Batch costing and corporate social responsibility: A literature
review.” Journal of corporate citizenship.

16. Park, Y. (2022). “Batch Costing and Employee Morale: A Review. “ Journal of
Organizational Psychology.

17. Ramirez, C. (2023). “Batch Costing and Innovation : A Comprehensive review. “ Journal
of Innovation Management.

18. Evans, G. (2024). “Batch Costing and Technological Integration: A Literature Review
“Journal of Information Systems and Technology Management.

19. Nguyen, T. (2022), “Batch Costing and Organizational Culture: A Review.” Journal of
Organizational Culture, Communications and Conflict.

20. Cooper. Y. (2023).” Batch Costing and Organizational Justice: A Review.” Journal of
Applied Psychology.

VIVEKANANDA INSTITUTE OF MANAGEMENT 32

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

CHAPTER – 04
OUT COME OF THE INDUSTRY INTERNSHIP

VIVEKANANDA INSTITUTE OF MANAGEMENT 33

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

I have completed my internship on 31st January 2024 in Ever blue Apparels Ltd. It was a
goodopportunity to do internship in this organization. During my internship I learned a lot of
different things which are listed below.

It was a very good experience to have practical exposure to the concepts which was learnt during
classes. I noticed there was a vision and mission statement clearly defined which helpemployees
as well as employers understand their work and responsibilities and their contribution towards
organization.

My internship began with a comprehensive orientation, where I familiarized myself with the
company’s values, mission and operational process. I set clear learning goals for myself, aiming
to gain hands on experience in various aspects of company.

There was a good working environment in human resource department and finance department
where they carriedtheir work at the earliest and in a most effective manner.

In college, it’s easy to fall into the habit of procrastination but in office, things are different. Iwas
assigned many task and had to complete within the given time. Initially it was difficult tomanage
but later as days passed I delivered the work within the stipulated time.

During my internship I conducted SWOT analysis of the company and findings are as
listedbelow:

STRENGTH

1. They are known for large customer base and strong goodwill in the market.
2. Companies signify the high standard, quality image and quality product.
3. The Company has maintained good supplier relations which have provided themcontinuous
raw material for production.
4. The Company provides employment opportunities for skilled, semi-skilled and unskilled
employees.

5. It enjoys brand loyalty by its customer

6. Loyalty of customers and high product quality

7. Company has the ability to compete in a dynamic environment

VIVEKANANDA INSTITUTE OF MANAGEMENT 34

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

8. Company always adapts the new technology.

9. Loyalty of employees due to decentralized leadership style adopted by the company The
Company his strong human resource management team which acts as base for effective
working of the organization.

WEAKNESS
1. Global penetration is limited when compared to few other international brands.
2. The Company does not have good performance appraisal methods to retain the employeesin
the organization.
3. As it is a subsidiary company, it effects decision making and it is slow and difficult in the
organization.

4. The distribution cost is high as compare to the competition in the local market.

OPPORTUNITIES
1. Consistent growth over years.

2. Large and growing market.

3. As the population increases the demand of product will increase.

4. As it is a huge production base, it can acquire small production units and expand itsbusiness.

5. The company can expand its product range and attract more customers.

6. The company can develop long term strategies for better growth and sustainability in the
market.

7. The company can focus on developing new green technologies as a part of their production
activities.

8. Creation of new products in available resource and brining variety in the markets is a great
opportunity for the company.

9. As a part of CSR activities, it can start small retail outlet in rural India which shows themthe
flavor of modern clothing.

VIVEKANANDA INSTITUTE OF MANAGEMENT 35

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

THREATS
1. All the major players in an industry are competing with each other to only on better qualitybut
also on lower prices.

2. Regional trade alliances.

3. The Company must be able to manage high inflation rates and market fluctuations.

4. The Company must open to the international market and reach to customers at large.

5. The company must be able to the change in according to government policies consistently.

6. One of important challenges for the company is sustaining in the market with huge
competition.

VIVEKANANDA INSTITUTE OF MANAGEMENT 36

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

Chapter – 05

Experiential Learning and Conclusion of the IIP and

Intellectual benefits

VIVEKANANDA INSTITUTE OF MANAGEMENT 37

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

EXPERIENTAIL LEARNING
1. Practical Application of Knowledge: Through internships, one can apply academically
acquired theoretical information to practical situations. Interns can witness firsthand how
ideas from the classroom are applied in real-world settings by participating in this
practical experience.

2. Skill Development: The opportunity to acquire and polish a wide range of talents—from
industry-specific technical skills to soft skills like communication, teamwork, problem-
solving, and time management—is provided by internships. Success in every professional
setting requires these abilities.

3. Networking : Opportunities for meaningful networking are made available through

internships. Interns get the opportunity to network with potential mentors, meet experts in
their industry, and develop professional contacts. Making these relationships may help
you find work in the future or provide you with information about various career routes
in the field.

4. Understanding Company Culture : Through internships, one can gain firsthand insight
into the dynamics and culture of many businesses. Interns get to see how groups work
together, how choices are made, and which values are given priority in the company.
Finding the ideal fit in a future job requires an understanding of the culture of the firm.

5. Resume Enhancement : Having completed an industry internship, a candidate's resume

gains credibility and may become more appealing to employers. It exhibits initiative,
practical experience, and a dedication to career advancement.

6. Exploration of Career Path : An internship offers the chance to investigate various

positions and career trajectories within a sector. Interns can gain a better understanding of
their own interests, strengths, and preferences by getting a firsthand look at various
occupations. This knowledge can then be used to assist them make more educated
decisions regarding their future careers.

VIVEKANANDA INSTITUTE OF MANAGEMENT 38

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

7. Feedback and Reflection : Receiving feedback from colleagues and supervisors during an
internship is common, and it can be very beneficial for both professional and personal
development. With the help of this feedback, interns can evaluate their work, pinpoint
areas for growth, and establish objectives for their continued education.

FINDINGS

1) The direct materials have increased for 3years from 2017-2018 and 2018-2019 compare
2019- 2020.
2) Direct labor has increased year by year compared to base year because they the labor
recruited every year production.
3) The cost of manufacturing overhead is decreased in the year 2017-2018 and 2018-2019 but
in the year 2018-2019 and 2019-2020 is increased compare to another year is it not good
sigh to the company .
4) Company need to use more machine power than the man power as the result the process will
be faster and there is a decrease in the training cost to the workers. This helps the company
to invest the saved amount in implementing some advertisement programmers to increase
sales.
5) Selling and distribution over head is continuously increased till 2018

6) Fluctuation in total cost when compare to the base year 2017-2018. but last two years
total costdecreasing it is good sign to the company it helps to increase the company profit.
7) Prime cost is decreasing in the year 2018-2019 to state that is good but company
should notreduce this cost by reducing output.
8) Loss of the company decreased in the year 2017-2018 compared to base year but in the year
2019-2020 it decreased but in the year 2018-2019 loss decreased up to double to last year.
9) Cost is reduced under the following elements of cost such as material, labour and other
expenses.

10) There is a separate internal audit department which will conduct the audit at a regular
interval oftime.

VIVEKANANDA INSTITUTE OF MANAGEMENT 39

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

SUGGESTIONS

1) Company exporting products to other nations but manufacturing unit in india only it is better
to state manufacturing unit in abroad also from this company can reduce cost also.
2) company use available resources effectively and go for quality product with healthy
competition, automatically company get success.
3) Material cost is decreased same extent it is good to the company nut one thing company need
to keep in mind that is quality of material they don‘t compromised.
4) Labor cost increasing year by year its not good sign to the company they need to take certain
measures to the direct labor cost.
5) Manufacturing expenses are higher in the year 2017-2018 and 2017-2019 compare to
another year it is not good sign company need to reduce expenses and increases the
production by using different new methods and techniques.
6) Administration expenses is also higher in the year 2018-2019and 2017-2018 it is also not
good sigh company needs to reduce the expenses and increases the production by using
different new methods and techniques.
7) Company makes selling and distribution expenses with considering the current market
demand, competitors and customers this helps company growth.
8) Appoint professionals in different fields of specialization.

9) Standard costing measure should be adopted by the company in order to justify the cost only
in termsof what they thought to be under the particular operating conditions.
10) Overhead expenses are more in power devices division so the management should take
appropriatemeasures to reduce the overhead expenses. with
11) Some of the machineries should be replaced the old machinery which is outdated by which
thequality of product can be improved.
12) Value of production must be improved proportionate to the value of material
consumption this isdone by reducing the abnormal loss.
.

VIVEKANANDA INSTITUTE OF MANAGEMENT 40

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

CONCLUSIONS

It is clear from the foregoing that EVER BLUE APPAREL LTD needs to control itself
by implementing certain cost-cutting initiatives. The company must periodically examine in
order to maintain cost control. Since cost analysis is a component of sales, the corporation
shouldn't ignore the costs. Profit plus cost equals sales. The lowest possible cost should be
achieved in order to maximize profit. There should be efficient resource use in order to reduce
costs. In order to avoid having to raise production costs, the company's top management works to
boost utilization capacity, if not to recover all financial expenses. Annual budget preparation by
the company is required in order to keep costs under control. An annual budget of sufficient
funds must be set aside for maintenance and repairs. Increased inventory policies that take into
account the cost of carrying inventory and a greater use of installed capacity are both necessary
Ultimately, it was determined that the organization ought to endeavor to enhance efficiency and
minimize expenses.

VIVEKANANDA INSTITUTE OF MANAGEMENT 41

A STUDY ON BATCH COSTING FOR ENHANCEMENT OF SALARY & WAGES AT
EVERBLUE APPAREL LIMITED

WORK DAIRY

SL
No Weeks Activity Done Signature

Visted the website, journals and some

1 1 Previous articles to analysis it in

Research Methodology

Compare all the data collected applied,

2 2 SWOT analysis to find out the impact

Interpretation of all the analyzed data

3 3 In the form of the findings and

suggestions

4 4 Assessing the Guide for

Correction in project.

VIVEKANANDA INSTITUTE OF MANAGEMENT 42

"A STUDY ON BATCH COSTING FOR ENHANEMENT OF SALARY
ANDWAGESATEVERBLUEAPPARELLTD"
ORIGINALITYREPORT

8 %
SIMILARITYINDEX
5%
INTERNETSOURCES
0%
PUBLICATIONS
6%
STUDENT PAPERS

PRIMARYSOURCES

1
SubmittedtoIFIMBusinessSchool
StudentPaper 4%
2
www.slideshare.net
InternetSource 2%
3
www.uniassignment.com
InternetSource 1%
4
SubmittedtoIntercollege
StudentPaper 1%
5
SubmittedtoHCUC
StudentPaper 1%
6
www.ipl.org
InternetSource 1%
Exclude quotes On Excludematches <1%
Excludebibliography On