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Fixed manufacturing overhead costs would be decreased by Rs 10,000 per annum however non-manufacturing costs would remain unchanged. Suppose initially that the capacity that is needed for component
It is the company policy to apportion the maintenance department’s costs between the other three departments to remove those costs before apportioning the canteen costs between the production
By using marginal costing, make a profit statement to exhibit the actual results for the period.
Computed Overhead Absorption Rate (OAR) is Rs11. The actual overheads for Assembly Department were Rs 142,360 and actual direct labor hours worked was 12,515. Compute the amount of over or under abs
Given below are details of some of the budgets of Calissse Limited for the eight months ending 28 February 2012:
Describe how closing inventories are valued under the marginal and the absorption costing?
What are the other non-financial factors which require to be considered before taking a decision apart from the financial elements?
Compute an Overhead Absorption Rate (OAR) for each production department, by using the most appropriate basis of absorption.
A cash budget for three months ended 31st January 2012.
Compute the margin of safety as a percentage of the original budgeted annual sales, if the change in production techniques were to occur.
Marginal costing and absorption costing are different methods for assessing profit in a period.
Make a statement to show the total overheads for each production department, exhibiting the basis of apportionment selected.
Compute an overhead absorption rate for each production department, by using the most appropriate basis of absorption.
Budgeted production for the month was 5,000 units though the company managed to generate 5,800 units, selling 5,200 of them and incurring fixed overhead costs of Rs 27,400.
Compute the total fixed production overhead variance.
Make a cash budget for each of the three months, July, August and September, supposing the directors purchase the computer system.
Compute the direct materials cost variance, direct materials price variance and direct materials usage variance.
As cash is very essential for the survival of any business, it is often recommended to make a cash budget, as it is no use budgeting for product ion and for sales if, throughout the budget period, t
Compute the marginal and absorption costing profit for the month.
You are the Cost Accountant of an industrial concern and have been assigned the responsibility of developing a cost accounting system. Initially it has been decided to make three production cost cen
Make a statement to show the total overheads for each production department, exhibiting the basis of apportionment chosen.
Describe what you understand by the term incremental budgeting.
Direct labor cost variance, analyzed into rate and efficiency variances.
In short term decision-making context, which one of the given would be a relevant cost:
Compute the variances for materials, labor and variable overheads.