Process costing

answered on 20-Aug-20 22:17

We transfer abnormal gain to costing p&l account in the actual amount of abnormal gain . Is abnormal loss also treated to be the same ? That in this sum , 75 units of abnormal loss transfered in P&L in the same manner , of which abnormal gain transfer ?

latest answer

Thank you ma'am

Srini Sriram

CA Final

★ 3K+

4

407

Old syllabus

answered on 16-Aug-20 14:00

Is Bedaux system covered in employee cost of old syllabus?

latest answer

Yes.

Maheesh 32

CA Inter

★ 410

1

410

Service Costing

answered on 15-Aug-20 22:42

Sir. In the illustration 8 the total kilometres for the purpose of calculating the diesel cost and the cost of lubricant oil is given in the question, one doubt I had is that if the total kilometres are not given in the question how should we find that the total kilometres?

latest answer

Cleared ma'am

aman kawad

CA Inter

★ 7K+

1

397

ACTIVITY BASED COSTING Illustration 4

answered on 19-Aug-20 11:22

1.Why did margin percentage computed BEFORE operating cost as per traditional method is compared to the margin percentage computed AFTER operating cost as per ABC? 2. In video lecture sir had not answered for 4th point asked in the problem....!

latest answer

1.Why did margin percentage computed BEFORE operating cost as per traditional method is compared to the margin percentage computed AFTER operating cost as per ABC? Since the 3rd sub question asked about the insights about the Activity based costing, we made a comparison between the two. 2. In video lecture sir had not answered for 4th point asked in the problem....! Thanks for pointing out. Will check it.

abhishek kapale

CA Inter

★ 980

1

363

Costing old syllabus

answered on 16-Aug-20 14:03

There is a bit confusion about topics to read.Can anyone just tell me the topics covered in employee cost old syllabus.

latest answer

Go through ICAI study material once. You will get to know the extent of coverage.

Maheesh 32

CA Inter

★ 410

1

395

Employer contributions

answered on 16-Aug-20 12:46

While calculating the earnings in illustration 3,Why employer's contribution was not added to workers

latest answer

Thank u

Maheesh 32

CA Inter

★ 410

5

384

Employee cost

answered on 15-Aug-20 19:31

Can u please explain the logic of answering this question?

latest answer

Yes, I understood . Thank you so much

Swathi Krishna

CA Final

★ 8K+

2

399

Employee cost

answered on 14-Aug-20 12:13

In video 10, Illustration 5 why do we calculate Inflated Wage Rate, cant we proceed without calculating Inflated Wage Rate and what is Inflated Wage Rate.

latest answer

Thank you

Sri Varshini

CA Inter

★ 575

2

549

Budget and budgetary control

answered on 11-Aug-20 23:35

Sir , in this sum how we calculate the other variable cost per unit of product B and product C for 20X3 . In question , they gives only the other variable cost per unit of product A is same . How we calculate other variable cost per unit for B & C ?

latest answer

In the question, it is stated that other variable cost of Product A is Rs.0.25 per unit, Product B is Rs.0.30 per unit. It is also anticipated that other variable cost of Product C is same as that of Product A. So, other variable cost of Product C is Rs.0.25 per unit.

Srini Sriram

CA Final

★ 3K+

1

417

Accounting equations

answered on 10-Aug-20 11:47

Please explain me

latest answer

The accounting equation is considered to be the foundation of the double-entry accounting system. The accounting equation shows on a company's balance sheet whereby the total of all the company's assets equals the sum of the company's liabilities and shareholders' equity. Based on this double-entry system, the accounting equation ensures that the balance sheet remains â??balanced,â?? and each entry made on the debit side should have a corresponding entry (or coverage) on the credit side. Assets represent the valuable resources controlled by the company. The liabilities represent their obligations. Both liabilities and shareholders' equity represent how the assets of a company are financed. Financing through debt shows as a liability, and financing through issuing equity shares appears in shareholders' equity. Accounting Equation Formula is Assets=Liabilities+Owner's Equity

Urmila Ingle

CA Foundation

★ 0

1

545