Forums

Budget

Costing

answered 21 hrs ago

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

latest answer

For some of the items like fixed overhead etc. They taken from static budget? Why?

Devisree

Devisree

CMA Inter

0

2

23

Process costing

Costing

answered 2 days ago

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

latest answer

I think I have done labour and overhead cost allocation wrong

SAIRAM SANKITI

SAIRAM SANKITI

CA Inter

10K+

2

28

Marginal costing

Costing

answered 2 days ago

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

Bhuvan Bhaskar

CMA Inter

2K+

1

25

Activity based costing

Costing

answered 1 day ago

Pls solve any one activity based costing

latest answer

yes!

Bhuvan Bhaskar

Bhuvan Bhaskar

CMA Inter

2K+

3

33

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

Lavi Lavanya

CA Inter

6K+

0

36

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

Varshith Uppula

CA Inter

2K+

1

50

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.

Sakshi Chauhan

Sakshi Chauhan

CA Inter

6K+

5

64

Marginal costing

Costing

answered on 16-Apr-24 15:04

Why they are not using the incresed fixed cost by 25000 in the answer??

latest answer

But in the pic which I shared here in answer they got 50000 units without adding additional fixed cost ?

Devisree

Devisree

CMA Inter

0

13

91

Cost sheet

Costing

answered on 08-Apr-24 09:33

How to treat purchase return in cost sheet with reason ??

latest answer

Deduct it from cost of purchases

SRIHARI K U [XI-D]

SRIHARI K U [XI-D]

CA Foundation

4K+

1

67

Standard costing

Costing

answered on 03-Apr-24 07:27

During the month 7500 hours were paid which include 350 unproductive hours due to unbudgeted holidays as also loss of production of 250 units of product A due to machine breakdown . here 350 hours idle Time. am I right??

latest answer

Ok thank you

Devisree

Devisree

CMA Inter

0

9

73

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