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Cost accounting system

Costing

answered on 31-Oct-23 08:09

Here , company having a normal production capacity of 60000 units In b point indirect expenses are absorbed on the basis of normal production capacity means ?

latest answer

Variable overheads are always charged at actuals. Absorption is only for fixed overheads. In this question ICAI has assumed that fixed selling overheads are also for normal production capacity.. the assumption is it will sell whatever it produces

Aishwarya Bogadhi

Aishwarya Bogadhi

CA Inter

0

4

206

Process costing

Costing

answered on 26-Oct-23 11:15

Can anyone explain how the units of labour 900and 125 units in equivalent units ?

latest answer

125 is taken as 100 for being degree of completion is given 80% so 125 * 80% is equal to 100 units

Ujwal Reddy

Ujwal Reddy

CA Inter

7K+

2

131

Cost accounting system

Costing

answered on 24-Oct-23 15:16

Reconciliation problems Is there any tricks to solve easily Reconciliation problems

latest answer

Yes

Sri ram Pothineni

Sri ram Pothineni

CA Inter

11K+

5

164

Process costing

Costing

answered on 23-Oct-23 08:41

board book illustration 6th sum Here in indigo learn class video Process 2 A/C closing stock is valued at weighed avg type Finished stock A/C closing stock valued at Fifo type Kindly reply

latest answer

Thank you 👍

Sri ram Pothineni

Sri ram Pothineni

CA Inter

11K+

6

310

In employee cost effective hourly rate

Costing

answered on 20-Oct-23 13:36

While caluclating effective hours worked,whether we have to deduct normal idle time hours or total idle time hours to deduct from actual hours available to work

latest answer

Normal idle hours and leaves should be deducted in short only normal and not abnormal

OMKAR REDDY

OMKAR REDDY

CA Inter

6K+

1

137

Material

Costing

answered on 20-Oct-23 13:38

Here why carrying cost percentage 10% taken on ₹228 Actually carrying cost should be applies on avg inventory value How to find average inventory value And why especially in this problem it's taken on 228 My brain is freezing I don't know the concept of what?

latest answer

Average investment is nothing but amount invested to buy those gloves that is purchase price

SAI AKASH GORU

SAI AKASH GORU

CA Inter

740

4

131

Job costing

Costing

answered on 20-Oct-23 14:04

Job costing as per new syllabus illustration 7 How to calculate set-up cost in (i) please help

latest answer

First no of set up should be found which is annual demand divided by production batch size that is from 4,000 till 10,000 and then it should be multiplied with set up cost per set up of , for example batch size of 4000 , 50000/4000 which is 12.5and set up cost =12.5*100=1,250

Atiya Shaikh

Atiya Shaikh

CA Inter

16K+

1

135

illus 2 in job costing of new syllabus pg no . 9.10

Costing

answered on 19-Oct-23 16:43

why 33.33% for expenses cost of 40 is added to 120 in question

latest answer

Pls share the question

Vignesh .Y

Vignesh .Y

CA Inter

440

1

122

Pls provide compilation pyq rtp mtp

Costing

answered on 18-Oct-23 19:33

intro to cost managemnt, ABC, service costing, standard costing, marginal costing, budged and budgetary control

latest answer

It will not be available

Vignesh .Y

Vignesh .Y

CA Inter

440

7

183

Set up cost

Costing

answered on 18-Oct-23 10:06

So the set up cost is 88 at both the times or for it is 176 for 20000 units?

latest answer

If nothing is given regarding set up, assume that machine set up is required only 1 time for any number of quantity.

Sugam SM

Sugam SM

CA Final

9K+

1

139

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