Cost accounting system (integral account)

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

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No answers yet!!

Lavi Lavanya

CA Inter

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109

Standard Costing

answered on 14-Apr-24 09:28

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

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

Varshith Uppula

CA Inter

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108

please provide solution of this quesion with proper working notes

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.​

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Question has not given data.

Sakshi Chauhan

CA Inter

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171

Marginal costing

answered on 16-Apr-24 15:04

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

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

Devisree

CMA Inter

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13

137

Cost sheet

answered on 08-Apr-24 09:33

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

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Deduct it from cost of purchases

SRIHARI K U [XI-D]

CA Inter

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119

Standard 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??

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Ok thank you

Devisree

CMA Inter

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9

125

From which subject we should start Preparing

answered on 03-Apr-24 11:45

Shall we start from Difficult one?

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Thank you..!Pranav Sir😊🙏🏻

GOKUL KOLATE

CA Inter

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3

133

Standard costing

answered on 03-Apr-24 10:20

How to do this question can anyone explain

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Part of paid courses

Devisree

CMA Inter

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3

100

COST ACCOUNTING SYSTEM

answered on 29-Mar-24 11:00

What does this mean 'Raw material credited by supplier's " ?

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Thanks, got it

Mehak K

CA Inter

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115

Material Cost

answered on 28-Mar-24 14:00

How to calculate the price per unit in the transaction dated 20-9-22? In general it's ₹6.10 right stated in the transaction dated 15-9-22 but in key it was ₹5.75

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Thank you

Sai Ganesh

CA Inter

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113