Discuss the various elements of cost, Cost Accounting

Assignment Help:

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 III
Materials                Rs 3,000       Rs 1,000      Rs 400
Labour                    1,600            4,000         1,200
Factory 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


Related Discussions:- Discuss the various elements of cost

Methods of cost estimation, Methods of Cost Estimation We will conside...

Methods of Cost Estimation We will consider given cost estimation methods commonly employed, namely as: a. High Low Activity method b. Engineering Analysis c. Account

Calculate the annual percentage rate, Amanda Deal, president of XYZ, had re...

Amanda Deal, president of XYZ, had recently finished an arduous round of meetings with her financial staff". Those meetings dealt with the details necessary to produce an accurate

What profit is earned by each firm, Three oligopolists, A, B and C, produce...

Three oligopolists, A, B and C, produce an identical product, Q. Q is produced under conditions of constant costs, that is, AC = MC = $100. The market demand schedule for Q is:

Cost of labor, The number of workdays varies from month to month due to the...

The number of workdays varies from month to month due to the number of weekdays, holidays, days of vacation, and sick leave taken in the month. The number of units produced in a mo

Direct material usage variance, Direct Material Usage Variance Refers ...

Direct Material Usage Variance Refers to the difference among the actual quantity utilized and the standard quantity particular for the actual production, all valued at the st

Calculate the reduction in failure costs per unit, Each unit of a product r...

Each unit of a product requires four components. The average number of components is 4.25 due to component failure. Purchasing higher quality components can reduce the average numb

Calculate the ß, Calculate the β of Maine Corporation from the following da...

Calculate the β of Maine Corporation from the following data. The prices are at the beginning and at the end of each year     Normal 0 false false

Importance of cost classification, Importance of Cost Classification A...

Importance of Cost Classification Analysis of cost behaviour is significant to all organizations for effective management. It is since many organizations have a unique cost st

Calculate the consumption ratios for each product, The activity driver for ...

The activity driver for the shipping activity is the number of orders shipped. Product A uses 20 orders and Product B uses 60 orders. Calculate the consumption ratios for each prod

Compute the price of each bond, P1 Given the following data: ...

P1 Given the following data:   German Bond U.S. T- Bonds

Write Your Message!

Captcha
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!

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