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Service Costing Illustration 11

Costing

answered on 01-Apr-24 11:34

How is the salary to peons for each stream calculated

latest answer

1 peon dedecating is 100% of work :- peon × ₹10000×12 months= ₹1,20,000. 3 peons dedecating 15% of there work to Higher secondary. 3 peons ×10000×12months × 15%=₹54000 total peons salary for higher secondary = ₹120000+₹54000=₹1,74,000 Apportionment of salary to streams:- Arts - ₹174000 ÷ 660 × 120. = ₹ 31636 Commerce - ₹174000 ÷ 660 × 360. = ₹ 94909 Science- ₹174000 ÷ 660 × 180. =₹ 47455 *660= total number of higher secondary students .

Study

CA Inter

★ 420

1

37

Overheads - Trial & error method

Costing

answered on 03-Apr-24 06:32

In this given solution of OHS , it's taken as 5,04,300 value instead of 5,04,271 . But in RTP it's solved taking exact value but however service dept value not get null. So what to do in these type of questions

latest answer

It is just a matter of rounding off. Both answers will be given full marks. I would suggest go with exact numbers only

Mehak K

CA Inter

★ 2K+

1

51

Standard costing

Costing

answered on 03-Apr-24 07:42

How in this question 4 units and 200 hours per worker but given in the question gang??

latest answer

Thanks a lot

Devisree

CMA Inter

★ 0

7

60

Standard costing management accounting

Costing

answered on 20-Mar-24 08:01

Pls anyone solve thjs 2 numericals

latest answer

Yeah i got, but pls say 13 one also thanks in advance

Bhuvan Bhaskar

CMA Inter

★ 2K+

4

72

MARGINAL GOSTING

Costing

answered on 16-Mar-24 21:58

In the question where cost is written which cost should we assume when question is silent FIXED OR VARIABLE COST?????? Refer to Q.2 for this doubt

latest answer

You need to apply high low method and segregate fixed costs and variable cost from total cost. No assumption is required

Prathmesh Sanjyot Kharul

CA Foundation

★ 5K+

1

60

Standard costing

Costing

answered on 16-Mar-24 21:59

To find Actual hours worked, we need to multiply with the actual workers not with the standard workers??

latest answer

Yes

Devisree

CMA Inter

★ 0

1

62

Standard costing

Costing

answered on 16-Mar-24 21:57

To find material consumed if there is material purchased, material issued to work , opening stock and closing stock of material. How to find it??

latest answer

Material consumed is nothing but material issued to work

Devisree

CMA Inter

★ 0

1

57

MARGINAL COSTING

Costing

answered on 11-Mar-24 19:27

Laila Shoe Company sells 5 different styles of Chappals with identical purchase cost and selling prices. The Company is trying to find out the profitability of opening another store, which will have the following expenses and revenues: (information per pair) Selling Price ₹ 30.00 Variable Production Cost ₹ 19.50 Salesmen's Commission ₹ 1.50 Total Variable Cost ₹ 21.00 Annual Fixed Expenses are ₹ 3,60,000, made up as Rent ₹ 60,000, Salaries ₹ 2,00,000, Advertising ₹ 80,000 and Other Fixed Costs ₹ 20,000. If the Store Manager were to be paid 0.30 commission on each pair of chappal sold in excess of the BEP, what would be the Store's Net Profit if 50,000 pairs were sold?

latest answer

As per sheet

Ameena Yasmine PA

CA Inter

★ 3K+

1

109

MARGINAL COSTING

Costing

answered on 11-Mar-24 19:29

The Ratio of Variable Cost to Sales is 60%. The Break Even Point occurs at 80% of the Capacity Sales. 1. Find the Capacity Sales when fixed cost are Rs.1,60,000. 2. Compute Profit at 80% of the Capacity Sales. 3. Find Profit if Sales is Rs.5,70,000 and Fixed Cost remain same as above. 4. Find Sales if desired Profit is Rs.44,000, and Fixed Cost is Rs.1,42,000

latest answer

Please do not post only questions. Also share your workings highlighting your doubts

Ameena Yasmine PA

CA Inter

★ 3K+

3

90

Fixed overheads

Costing

answered on 07-Mar-24 09:16

Why is fixed overheads apportioned to departments based on normal capacity and not actual capacity??

latest answer

Thank you sir

Muhesh YM

CA Inter

★ 0

2

67