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Material costing
Costing
answered 12 hrs ago
Does Reorder quantity has its own formula or not ? Or whenever it is being asked to compute everytime we will compute EOQ only..because in ques whenever reorder quantity is being asked to compute , eoq is being computed only
latest answer
The re-order quantity is calculated using various inventory management models, with the economic order quantity (EOQ) being a commonly used approach. The EOQ formula takes into account the demand rate, setup costs, holding costs, and ordering costs to determine the optimal quantity that minimizes total inventory costs
Samridhi Sareen
CA Inter
★ 310
2
62
Contract cost
Costing
asked on 28-Sep-23 16:34
Ultra Builders Ltd. has started a contract on 1st April 2021. The Trial balance as on 31st March 2022 showed the following balances: Particulars Dr. (3) Paid up share capital Cr. (7) Land and buildings 50,60,000 2, 5, 75000 Machinery at cost (85% at site) 3366000 39,60,000 Cash and bank 33,000 27,78,600 Materials at cost Creditors for materials 11,33,660 Direct wages 14.60.800 Site expenses 10,56,000 Vehicles Furniture Office equipment 12,00,000 32,560 Postage and Stationery Office expenses 6,88,600 Rates and taxes Fuel and power 28,160 Outstanding wages 9,30,600 Advance rates and taxes 1,540 2,21,200 2,19,29,860 2,19,29,860 The contract price is 2,00,00,000 and work certified is 280,00,000. The cost of work uncertified is 9,60,000. Machinery costing 1,60,000 was returned to stores at the end of the year. Stock of material at site on 31st March 2022 was of the value of 240,000. Depreciation on Machinery, Vehicles and furniture are 10%, 15% and 10% respectively. You are required to calculate the profit from the contract. Web results
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No answers yet!!
Sowmiga Chandrasekaran
CA Inter
★ 7K+
0
37
Doubt in example explained in cost accounting system chapter 7
Costing
answered 2 days ago
How it calculated under absorbed overhead is 5000 for calculating adjusted cost of sales
latest answer
Ansr is not clear..could u plz detail it.
1 Minute Review
CA Inter
★ 5
3
53
Doubt In journal entry of Non integrated costing system , chapter 7
Costing
answered on 27-Sep-23 16:05
Y finished product is transferred to work in process a/c ? Normally we transfer finished good acc balance to cost of goods sold a/c .right?
latest answer
Thank u
1 Minute Review
CA Inter
★ 5
2
43
Marginal cost
Costing
asked on 26-Sep-23 20:14
Please calculate PV ratio for this question.
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No answers yet!!
Mehak K
CA Inter
★ 2K+
0
50
RTP
Costing
answered on 26-Sep-23 09:19
Both questions are same type but while calculating maximum consumption they have taken 1.Annual consumption with adjustment of opening stock 2.Annual consumption without adjustment of opening stock.Why?
latest answer
Ok 👍
GOKULALAKSHMI PANNEER
CA Inter
★ 2K+
8
70
Overhead
Costing
answered on 30-Sep-23 12:12
How this distribution of service dep. To production dep. Has done can anyone explain
latest answer
Got it thanks 👍🏻
Rifhat Khan
CA Inter
★ 28K+
3
84
COST ACCOUNTING SYSTEM ( Ch 7 )
Costing
asked on 23-Sep-23 11:26
In illus 7 , preparation of reconciliation statement if done without preparing ledger of Overheads Ctrl A/C . Then in reconciliation statement, what differences of amount would come using profit and cost records? Because, when i am preparing it , am not able to reconcile.
latest answer
No answers yet!!
Mehak K
CA Inter
★ 2K+
0
55
Material Cost
Costing
answered on 18-Sep-23 20:14
Why do we consider ₹5.75 instead of ₹6.10?
latest answer
Thank you Sir
Swetha S
CA Inter
★ 340
2
60
Material Cost
Costing
answered on 18-Sep-23 14:42
Why is the falling price suitable for FIFO & rising price suitable for LIFO?
latest answer
Welcome
Swetha S
CA Inter
★ 340
3
65
