Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Cost Accounting is a branch of accounting and has been developed due to limitations of financial accounting. Financial accounting is primarily concerned with record keeping directed towards the preparation of statements of Profit and Loss and statements of financial position. It provides information regarding the profit and loss that the business enterprise is making and also its financial position on a particular date. The financial accounting reports help the management to control in a general way the various functions of the business but it fails to give detailed reports on the efficiency of various divisions.
Required -
(a) What are the limitations of Financial Accounting which has led to the development of Cost Accounting?
(b) What is the relationship between Financial Accounting and Cost Accounting?
Cost accounting is useful and applicable in business organizations and their environment in many ways.
(c) Explain the areas in which cost accounting may be useful in an organization.
AC 07 -2: Advanced Accounting Assignment help and solution - Explain accounting conventions and principles used while dealing with various financial aspects
Calculate the total factory overhead variance if 1.5 hours of labour hour is assigned in flexible budget for allocating overhead cost of each pairs
Evaluate that the degree of operating leverage is 2.90. The output rises to 78,000 units - Find what will the percentage change in operating cash flow ?
Prepare a purchases budget for the first quarter of 2011 in units, in total, and in dollars and determine the budgeted payments for purchases of raw materials for each of the first three months of operations and for the quarter in total.
What is the gross profit of product Y assuming the physical units method is used
questionpurchased merchandise from blue company under the given terms 3700 price invoice dated april 2 credit terms of
The payment of August and September's rent totalling $1,000, and salary expense of $4,000. The retained earnings balance at July 31, 20X3, will be
The following information was obtained from the records of the first processing department of Bapst Corporation for the month of May.
Compute the cost per unit, using absorption costing. Compute the difference in net operating income between the two methods.
Direct Material Variances, Mix and Yield Variances - What was the standard quantity of litres for material A and material B per unit
Determine the annual cost, monthly cost, and burden markup for a salaried employee given the following information. Assume the employee takes full advantage.
Assume that the lease amount is fixed over four years, determine the minimum lease amount that the lessor should accept
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd