User Account

All Pages

Abc ltd produce 100000 units of product x

Assignment Help Accounting Basics
Reference no: EM13867089

Question no 1)

ABC ltd produce 100000 units of product X during 15-16 per unit Direct cost are as following
Raw materials -10 Production Over head is Rs-200000 out of which 40% Fixed .the Company sold
Direct Wages- 5 80000 units & 20000 units are Stock as on 31-03-2016. Normal capacity 50000 units
Direct Expenses-2 a) Find the cost of inventory based on actual & normal Capacity which cost would
Total 17 you take for recording in Balance sheet as per AS-2

Question no 2)

Fixed asssets of XYZ ltd purchase as on 01-04-1995 Rs-750000
revaluation -20% on 01-04-1997
Expected life 15 Years
the Co charged Straight kline Depreciation the Fixed assets was sold 31-03-1998 Rs-560000
Depreciation accounts in the Books of XYZ LTD. 

Reference no: EM13867089

Questions Cloud

Estimate the fuel consumption : You are estimating the fuel consumption (gallons per mile) for intermediate armored vehicles based on the horsepower of the vehicle. The vehicle for which you are estimating has 4.29 hundred horsepower.
Adjusting entries affect cash flows in the current period : Adjusting entries affect cash flows in the current period
Transaction is classified appropriately as a capital lease : On January 1, 2010, Metcalf Company sold equipment for cash and leased it back. As seller lessee, Metcalf retained the right to substantially all of the remaining use of the equipment. The term of the lease is eight years. There is a gain on the sale..
Determine the moment of force about hinged : 1. The hood of the automobile is supported by the strut AB, which exerts a force of F = 24 lb on the hood. Find: Determine the moment of this force about the hinged axis y.
Abc ltd produce 100000 units of product x : ABC ltd produce 100000 units of product X during 15-16 per unit Direct cost are as followingRaw materials -10 Production Over head is Rs-200000 out of which 40% Fixed
How might earnings management practices : How might earnings management practices serve to project the managerial style of firms in managing the earnings of the firms?
How do you assess biopure potential in the human market : How do you assess Biopure's potential in the human market? The animal market?calculate the market potential for Oxyglobin (animal market) and Hemopure (human market)
Which is expected to be fixed in near future : Co try your best ltd Sells its prodoct cool tea ltd at aprice of 100 each .The Variable Cost per unit Rs-40.00Where as the total Fixed Cost Rs-200000 which is expected to be fixed in near future.The Co Presently Selling5000 units per annam
Borrowing rate is substantially greater than united ''s rate : United Manufacturing Company manufactures and leases computers to its customers. During 2010, the following lease transactions take place:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Implement a decision tree to illustrate decision making

Beta Mining owns a copper mine. The firm is going through a difficult period as the price of copper has tumbled in recent years. The annual revenue from the mine depends on the price of copper at the end of the year as shown in the table below.

  John is a young accountant at a local cpa firm

John is a young accountant at a local CPA firm. He is wresling with a problem: tyring to decide whether to cover up a mistake made in not attaching an irrevocable election to a key client's recently sumitted tax return.

  Appropriate balance for the allowance for doubtful

What is the appropriate balance for the allowance for doubtful accounts at year end? Show how accounts receivable would be presented on the balance sheet.

  Expected price of the material per pound

What is the expected price of the material per pound? What is the expected amount of material needed for 100 units?

  Statement about tax-exempt organizations

Which of the following is a not true statement about tax-exempt organizations?

  How to caclulate the balance sheet amount for bonds payable

how to caclulate the balance sheet amount for bonds payable and interest payable for the dec 31 2012 balance sheet

  Following are the amounts of the assets and liabilities of

following are the amounts of the assets and liabilities of oriental travel agency at december 31 2014 the end of the

  Brown jones and smith formed a partnership with brown

brown jones and smith formed a partnership with brown contributing 60000 jones contributing 50000 and smith

  Prepare the requirements using the fifo method

Write one page single space, comparing these two methods: key differences, and recommends which method should be used for this company and why.

  Anne inc is considering the purchase of a machine that

anne inc. is considering the purchase of a machine that would cost 200000 and would last for 8 years. at the end of 8

  How much should stockton corporation capitalize as the cost

Stockton Corporation purchased equipment for $32,000. Stockton also paid $400 for freight and insurance while the equipment was in transit. Sales tax amounted to $240. Insurance, taxes, and maintenance the first year of use cost $1,000. How much s..

  A business is considering a cash outlay of 22704800 for

a business is considering a cash outlay of 227048.00 for the purchase of land which it could lease for 35238.00 per

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd