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Marginal costing

Costing

answered 6 hrs ago

M/s Alpha Ltd. manufactures a single product and has the following data for the year 2022: Selling price per unit 200 Direct material cost per unit 54 ₹40 Direct wages per unit 1,90,000 Fixed overheads Variable overheads 50% of direct wages 5% Trade discount M/s Alpha Ltd. approaches you as a qualified cost accountant and asks you to: 1. Advise the Profit Volume Ratio of the company. 2. Critically assess the Break-even Sales (in units and in ₹). 3. Evaluate the Margin of Safety (in and as % of sales). 4. Recommend the Net profit if sales are 10% and 20% above the Break-even Volume.

latest answer

Thank you sir

Sowmiga Chandrasekaran

CA Inter

★ 7K+

Budget

Costing

answered 1 day ago

Why they taken actual data for flexible budgeted ?? What is static budget?

latest answer

Static budget means a fixed budget. When preparing a flexible budget we take the actual number of units and re state all numbers. Fixed cost remains same irrespective of the level of activity. For this reason fixed cost is taken as appearing in static budget

Devisree

CMA Inter

★ 0

Process costing

Costing

answered 1 day ago

Can anyone please prepare process account for this question? While I was trying it's not matching.

latest answer

The question is asking for conversion cost per equivalent unit. Not the final cost of production. However you have taken the cost of opening stock wip as well in your working

SAIRAM SANKITI

CA Inter

★ 10K+

Marginal costing

Costing

answered on 21-Apr-24 17:39

Pls solve anyone in marginal costing pls anyone

latest answer

Okay got it, answer did small error while caluclating, but pls answer if i ask doubts because iam self learning student pls,

Bhuvan Bhaskar

CMA Inter

★ 2K+

Activity based costing

Costing

answered on 22-Apr-24 09:30

Pls solve any one activity based costing

latest answer

yes!

Bhuvan Bhaskar

CMA Inter

★ 2K+

Cost accounting system (integral account)

Costing

asked on 15-Apr-24 01:11

Y in this question the Stores ledger control account,Work in progress control account, finished goods account and prepaid production overhead account opening balance are debited..in trial balance opening balance of these accounts is given in Credit side only right

latest answer

No answers yet!!

Lavi Lavanya

CA Inter

★ 6K+

Standard Costing

Costing

answered on 14-Apr-24 09:28

Here why did we use the usage variance formula Icai book Tyk 4

latest answer

Request you to please stick to the approach we follow in lectures. Similar question is solved in the videos.

Varshith Uppula

CA Inter

★ 2K+

please provide solution of this quesion with proper working notes

Costing

answered on 10-Apr-24 16:27

The following data relate to Bookshop Ltd: The financial manager has made the following sales forecasts for the first five mon of the coming year, commencing from 1 April 2010: Month Sales April 40,000 May 45,000 June 55,000 July 60,000 August 50,000 Other data: (1) Debtors' and creditors' balance at the beginning of the year are 30,000 and 14,000, respectively. The balance of other relevant assets and liabilities are: Cash Balance 7,500 Stock 51,000 Accrued Sales Commission 3,500 (ii) 40% sales are on cash basis. Credit sales are collected in the month following the sale. (iii) Cost of sales in 60 per cent on sales. (iv) The only other variable cost is a 5% commission to sales agents. The Sales Commission is paid in a month after it is earned. (v) Inventory (stock) is kept equal to sales requirements for the next two month budgeted sales. (vi) Trade creditors are paid in the following month after purchases. (vii) Fixed costs are 25,000 per month including *2,000 depreciation. You are required to prepare a cash budget for the months of April, May and June 2010, respectively.

latest answer

Question has not given data.