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What is Standard Costing system? What are its features? What are the advantages and limitations of this system?
Explain the following; (a) Material Price Variance; (b) Material Mix Variance; (c) Labour Efficiency Variance;
When 2,000 units are produced, it is found that the actual cost is 825 kg of material at Rs. 2.70 per kg. Calculate MCV, MPV and MUV.
Prepare a government-wide Statement of Activities and Statement of Net Position for the year 2017.
What is Financial Intelligence?Why Increase Your Financial Intelligence?
Journal entries to record the transactions that occurred during the month of December. Prepare an unadjusted trial balance.
Determine the payback for this new center. Determine the net present value using a cost of capital
Calculate the amount of cash over or cash short for each day. Prepare the journal entry to record the receipt and deposit of cash on October 3.
Describe how each contributes to the analysis process. Discuss both the mechanics of the method as well as the information gleaned.
Discussion-Applied Ratio Analysis. This module you are using financial analysis tools to evaluate the financial health of companies.
Compare and contrast their employee discipline discharge clauses. Summarize by bringing in your module readings and or library research
Which of the following method is used for by-product cost accounting? weighted output method . other income method . FIFO . LIFO
In what type of industries is process costing applied? What would influence a cost accountant in deciding whether to apply process or job-cost system?
How can you distinguish between joint products and by-products with reference to:
Prepare crushing, refining, finishing (including casking) process accounts.
Prepare process cost accounts and abnormal loss or gain account. Product B is obtained after it passes through three district processes
The entire output of Process III is sold. Prepare the three process accounts and a statement of profit.
Prepare a statement of equivalent production and a statement of cost and process account from the following information:
Apportion the joint cost among the products using the average unit cost method.
The joint product of manufacture before the products are separated is Rs. 120. Allocate the cost of joint products.
Prepare a process account (and also if necessary any other relevant account) to show the result of producing Zap during the period.
Prepare the following statements for Process A for December 2009 . Statement of equivalent production .Statement of cost
Model: Absolute tonne-km and commercial tonne-km. When commercial tonne-km is calculated, the trip is treated as a whole.
What rate per tonne should the company charge if it plans to earn a gross profit of 25 per cent on the freightage?
Prepare a Production Budget showing month-wise number of units to be manufactured.