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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

Devisree

CMA Inter

0

1

60

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

Ameena Yasmine PA

CA Inter

3K+

1

115

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

Ameena Yasmine PA

CA Inter

3K+

3

97

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

Muhesh YM

CA Inter

0

2

69

General

Costing

answered on 01-Mar-24 15:45

Difference between Electricity charges and Lighting charges of a machinery?

latest answer

But, in a question in overheads chapter both electricity charges and lighting charges are given… That is why I asked this doubt?

Girinath A

Girinath A

CA Inter

765

2

79

Joint and by product

Costing

answered on 23-Feb-24 12:34

In this practical question 4 why have they totally ignored the units sold even though in net realisable value we do units sold less further processing

latest answer

We have to allocate costs only for the production during the period. If produced was only 1000 then how can one sell 2000? Only possible explanation would be that balance 1000 units are out of the opening stock. We need to consider only current period production for appointment of joint cost.

sradha krishna sunil

sradha krishna sunil

CA Inter

5K+

4

91

Job costsheet

Costing

answered on 22-Feb-24 17:52

Practical problem 2 , unable to understand how they computed direct material cost

latest answer

what are you unable to understand? What is the working as per you?

Avantika Rajput

Avantika Rajput

CA Foundation

0

1

80

Machine hour rate

Costing

answered on 18-Feb-24 23:04

I am getting the exact answer can anyone tell me the solution ?

latest answer

Tq

Ujwal Reddy

Ujwal Reddy

CA Inter

7K+

4

119

Illustrations pdf

Costing

answered on 10-Feb-24 15:37

Sir, this ( after the table, the next question begins) part of the question is missing in the pdf. Please add it

latest answer

Thank you sir. No problem :)

Amirtha Kannan

Amirtha Kannan

CA Inter

295

6

116

Standard costing

Costing

answered on 30-Jan-24 18:15

Steps please for these standard costing sum

latest answer

last screen shot to verify

Kishore Kumar

Kishore Kumar

CA Inter

930

4

134

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