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

Determine the total amount of product cost, Product and period costs; CGM; ...

Product and period costs; CGM; CGS On August 1, 2013, Sietens Corporation had the following account balances: Raw Material Inventory (both direct and indirect) :- $ 72,000 WIP Inve

Cost accounting, Cost Accounting Cost accounting has been defined via ...

Cost Accounting Cost accounting has been defined via many accounting scholars in different forums. There is no single watertight definition of cost accounting, however the var

Techiniques ofinventory control, hml analysis , sde analysis,sos analysis, ...

hml analysis , sde analysis,sos analysis, golf analysis , xyz analysis

Describe the costing system, Go the Hershey website to learn how to make He...

Go the Hershey website to learn how to make Hershey chocolate. (There is also a "print friendly" version of the chocolate making process at the end of the video.) Review the proces

Draw the demand curve of marginal benefit, The total demand (marginal benef...

The total demand (marginal benefit) curve for visiting Yosemite is as follows: Price = 5000-10*NumberOfTrips -10*TonsOfVisibleTrash. a. Suppose the quantity of trash=100 tons. D

Marginal analysis, Marginal analysis finds to equalize the cost of producin...

Marginal analysis finds to equalize the cost of producing one more item (marginal costs) with the revenue gained from selling one more item (marginal revenue).

Cvp for multiple products, CVP for Multiple Products What number of bus...

CVP for Multiple Products What number of businesses sells only one manufactured goods? The reality is that firms usually give us the diverse product line, and the individual pr

Find out the cost per unit, Find Out the Cost per Unit Material A is ...

Find Out the Cost per Unit Material A is added at the start of a production process. Overheads and Labor are added continuously throughout the production process. At the endi

Advantages of standard costing, ADVANTAGES OF STANDARD COSTING 1.     I...

ADVANTAGES OF STANDARD COSTING 1.     It offers a yardstick for measurement of performance. 2.     It helps 'Management by Exception'. 3.     It allows the management to

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