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A favorable materials quantity variance would show as a debit in a journal entry.
Management of ABC Corporation, the manufacturing company, has provided the given data for February: Sales $550,000 Contribution margin for February was.
In a standard cost formula Y = a + bX, what does the "b" represent?
On the basis of the information provided you and assuming that there are no other circumstances affecting his tax liability, discuss the assessibility/deductibility of the above receipts/expenses, a
Please prepare a statement for each loss/outgoing to Geoff advising him whether the above expenses are deductible or not for the year ended 30 June 2013.
List and briefly illustrate out five criteria which can be employed for evaluating the performance of taxation system.
Make a distinction between Eurocurrency and Eurobonds. Write a brief note on the term Primary and secondary markets.
Discuss and illustrate out the functions of the financial system. Using monetary approach and the loan able funds theory, illustrate out how the rate of interest is determined.
Describe the various methods used for the analysis and interpretation of the financial statements.
Make a Memorandum Reconciliation Account from the given particulars Profit shown by cost books Rs. 30,114 and by financial books Rs. 19,760. On reconciling the given information in available:
What do you mean by the term operation costing and operating costing? Explain their necessary features and state where these can be helpfully implemented.
Illustrate the meaning of process costing? In what types of industries is process costing usually applied?
A factory employs a job costing system. The given cost data are available from the books for the year ended 31st March:
What do you mean by the term job costing? Illustrate the main features of this method? Give a Performa cost sheet under such a system.
Explain the role of the cost accountant in finding out the quotation price for a tender.
You are needed to compute the machine hour rate essential to provide for recoupment of the cost of operating the machine.
What do you mean by absorption of overhead? Describe in brief the various methods for absorption of factory overheads?
Write down a detailed critical note and on the direct labor cost method of absorption of factory overheads.
Explain in brief Pay Roll Accounting function in a Manufacturing enterprise.
Illustrate the objectives and characteristics of the Incentive Wage Scheme?
The values cost Rs. 1.50 per unit when bought in quantities and the carrying cost is estimated to be around 20% of average inventory investment on the annual basis.
In manufacturing its product Z, a company employs two kinds of raw materials A and B in respect of which the given information is supplied:
Explain the meaning, objectives and the basic principles of the material control system.
Comment on the Notional Costs and Imputed Costs mean the similar thing.
Differentiate between Costing and Cot Accounting. Describe the Objects of costing.