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Question 1 Discuss the various elements of cost
Question 2 Explain the various stages involved in the distribution of factory overheads
Question 3 Define activity-based costing.Explain the steps or stages involved in designing an ABC system
Question 4 List the limitations of budgetary control. What is the difference between a budget and a forecast?
Question 5 From the undermentioned figures, prepare accounts indicating the cost of process and the total cost. The production was 480 articles per week Process I Process II Process IIIMaterials Rs 3,000 Rs 1,000 Rs 400Labour 1,600 4,000 1,200Factory Overheads 520 1,440 500
Office overheads amounting to Rs.1,700 should be apportioned on the basis of wages. Ignore stock in hand and work-in-process at the beginning and end of the week
Example of Job Order Costing The given transactions were made by a company in the month of December. Direct Materials a) 8,000/- was bought on credit, out of these
Bebe, a manufacturer of sophisticated and fashionable women's clothing, is completing a new assembly plant in Malaysia. A final construction payment of 6,000,000 MY
Describe the information about cost sheets? Ans) Cost sheet having of the direct and indirect expenses acquired in producing a given product and classifying the expenses acquire
What are the major features of JIT?
Bedovin Company manufactures office tables and chairs using the job order cost system
what is the implication of applying accounting principle wrongly
Generally Accepted Accounting Principles (GAAP) -Rules, conventions and procedures essential to define accepted accounting practice at a specific time. The highest level of such pr
What are the four elements of the budgeting cycle?
how does idle capacity effect cost behavior patterns and factory overhead application methods
Handy-Man Services is a repair-service company specializing in small household jobs. Each client pays a fixed monthly service fee based on the number of rooms in the house. Records
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