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Material cost
Costing
answered on 15-May-21 16:18
What is material abstract?
latest answer
Thankyou
Sreelakshmi P V
CA Final
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329
Cost sheet
Costing
answered on 10-May-21 10:29
Sir Can we Deduct scrap from direct material itself or only after Factory cost stage. When should we deduct scrap sir
latest answer
It is reduced from factory cost to arrive at cost of production
M V Naresh
CA Final
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353
Cost sheet
Costing
answered on 10-May-21 12:29
Sir Can we Deduct scrap from direct material itself or only after Factory cost stage. When should we deduct scrap sir
latest answer
Deduct from factory cost or works cost
M V Naresh
CA Final
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283
Income From House Property
Costing
answered on 09-May-21 09:42
If the property is owned by two, the income is taxed by two persons or income is taxed by one person. And also the housing loan is jointly , the principal and interest portion is claimed by jointly.?
latest answer
Okey Sir, I check.
Balamurali Unnithan M S
CA Inter
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307
ACTIVITY BASED COSTING
Costing
answered on 10-May-21 15:36
The 3 rd practical sum pg 5.33 in the ICAI material has a part of the question stating the revenue,cost of goods sold and (soft drinks)cost of bottles returned,my doubt is that when the goods are returned, before returning they would have formed part of revenue in the form of Cost + profit but when returned in the solution section they have deducted only the cost of goods returned but not also the profit generated by it which still forms a part of the revenue. Please clarify
latest answer
Its not the cost of bottles , it is the cost of returning the bottles.... example they must have employed someone to collect and bring back the bottles, the cost of the activity of returning bottles is Rs.60,000 hence added as support cost
lithish kumar
CA Final
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403
Marginal costing
Costing
answered on 07-May-21 14:55
how to find whether the question asked for BEP is related to sales or quantity sir? Please clarify my doubt sir
latest answer
Thank you sir
SREEABITHA SENTHILKUMAR
CA Inter
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356
Cost sheet
Costing
answered on 03-May-21 09:34
Plz tell me d solution of this ques..
latest answer
Please solve and send. We will let you know if it is correct.
Riya Goel
CA Inter
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316
Doubt
Costing
answered on 29-Apr-21 18:21
Can u say how to intrept the meaning of the last 2 line in image below
latest answer
The machine hour or the labour hour rate given in the question above do not include the General expenses of Rs.20,000 which are in relation to the production activities and total direct wages are Rs.2,00,000.
Sri kanaga Varshini
CA Final
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319
Interest and Finance Charges
Costing
answered on 29-Apr-21 10:23
What should be done? Should interest and Finance Charges be included as per last line in highlighted statement in cost of sales or their is specific criteria or it's only for theory purpose
latest answer
We add Interest and Finance charges to the cost of sales only if the amount is specifically taken to support the sales. In general, interest and finance charges are not considered in cost statement.
Toshik Bhajanka
CA Inter
★ 520
2
286
Doubt on secondary distribution
Costing
answered on 27-Apr-21 11:00
If nothing is mentioned about the method of redistribution in a problem can we use any method or any specific method?
latest answer
Ok
Sri kanaga Varshini
CA Final
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314
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