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Apportionment of joint cost
Costing
answered on 13-Jun-25 09:36
Sir, What is the difference between NRV at split off method and estimated NRV method . Can u also mention the formulas for finding NRV at split off and estimated NRV
latest answer
When sale value at split off point is available we compute NRV at spilit off point. Here NRV = Sale value at split off point - selling costs. When sale value at split off point is not available we compute estimated NRV. Here NRV = Final selling price - further processing cost -selling cost.
Dova Shaji
CA Inter
★ 520
1
161
Answer doubt
Costing
answered on 23-May-25 23:10
Sir, in costing is it fine if our answer changes slightly due to slight differences in decimal
latest answer
Yes.
Dova Shaji
CA Inter
★ 520
1
161
Re order quantity
Costing
answered on 23-May-25 12:21
Sir, is re order quantity same as Economic order quantity.
latest answer
EOQ is the optimal order quantity that minimizes the total inventory costs, which include ordering costs and carrying (holding) costs. Reorder quantity is the quantity you order when stock reaches the reorder level. Companies may or may not use EOQ as the reorder quantity.
Dova Shaji
CA Inter
★ 520
2
201
Illustration 6
Costing
answered on 23-May-25 12:44
Hi sir, Hope you all are fine.. Sir in the question it is mentioned that the truck once returned without any load from City C to City A but in computation of profits it is considered as it has returned with load of 6 tonnes . Sir please explain it . Time stamp : 13:30 to 13:50
latest answer
The amount is charged for full journey even if its unloaded half way. We need to check from B to A.
Nagachaitanya Nomula
CA Final
★ 8K+
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173
Standard costing
Costing
answered on 14-May-25 11:42
While calculating material variances, is it mandatory to show variances for all the materials (like material A, B, C separately) or can it be shown as total as well?
latest answer
If nothing is specified you need to tdo both.
Sagar Kathuria
CA Final
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173
Overhead
Costing
answered on 14-May-25 11:57
Can anyone explain me this question
latest answer
Pls share the question.
Aswin A
CA Inter
★ 0
1
179
Question of Illustration 9
Costing
answered on 14-May-25 12:18
Hello sir , hope you all are fine. Sir I didn't understand at which point is hinting us to find operating income of each product line as per traditional method from the given question . Can you please elaborate it and explain it to me sir ?
latest answer
allocates support cost based on cost of goods sold. Which means it is not done based on activity.
Nagachaitanya Nomula
CA Final
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159
Overhead-Absorption Costing Method
Costing
answered on 08-May-25 13:05
Why the direct materials and direct wages are not allocated to production departments in the illustration 4 They have given cost to respective departments in the question But it's not allocated in the answer
latest answer
Thank you
Shaviri Reddy
CA Inter
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234
Illustration 13 - No. Of employees recruited & joined
Costing
answered on 14-May-25 12:47
Hello sir, Hope you all are fine. Sir in the video the computation of No. Of employees recruited & joined came to 12 but in institute material at pg no 3.47 the No. Of employees recruited & joined is showing as 42 . Please explain me why it's varying here .
latest answer
42 is the number of Accessions. As there is already 30 replacements has happen. So the employees recruited and joined will be the 12 only. In ICAI material the whole Accessions is given as recruited and joined. For further more clarity we provided it.
Nagachaitanya Nomula
CA Final
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194
How to score exemption in costing?
Costing
answered on 14-May-25 12:33
Which all chapters are most important
latest answer
You can go through our past paper analysis.
Nandhana K s
CA Inter
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1
196