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 difference between results using marginal costing, Determine Diff...

Determine Difference between Results Using Marginal Costing and Absorption Costing The overhead absorption rate for product X is Ksh.10 per machine hour. All unit of product X

Which of the following is a reason, . Which of the following is a reason wh...

. Which of the following is a reason why traditional product costing techniques have become obsolete in a lean operating environment? a. More complex accounting is required in a le

#manual productions, Vary the force by hiring layoffs. No over time.

Vary the force by hiring layoffs. No over time.

Calculate the inventory turnover ratio, The following information is availa...

The following information is available for the automotive division of Ford Motor Company for 2009.  The company uses the LIFO inventory method.

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

Cost Accounting, Cost Accounting advantage and features

Cost Accounting advantage and features

Inventory valuation, How the FIFO, LIFO and AW problems can be solved?

How the FIFO, LIFO and AW problems can be solved?

Variable cost, how variable cost help in decision making.with suitable exam...

how variable cost help in decision making.with suitable example

Direct material yield variance (myv), Direct material yield variance (MYV) ...

Direct material yield variance (MYV) :   It has been described by the ICMA, London, as 'the variation between the standard yield of the actual material input and the actual yi

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