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Over absorbed Factory Overhead treatment
Costing
answered on 26-Sep-21 09:11
If it's large in Amount and reason Is Abnormal Then What is the Treatment of Over absorbed Factory Overhead ?
latest answer
There are 3 alternative treatments of Under/Over absorbed . Kindly refer below attachment
Chandan Subudhi
CA Final
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5
725
Factory Overhead in Accounting vs Costing
Costing
answered on 27-Sep-21 10:12
Factory Overhead treatment in Accounting for Valuation of Inventory (AS 2 ) And Factory Overhead treatment in Costing ? The key difference in treatment ?
latest answer
Factory overhead is the costs incurred during the manufacturing process, not including the costs of direct labor and direct materials. Factory overhead is normally aggregated into cost pools and allocated to units produced during the period under costing factory OH are added to prime cost in cost sheet to arrive at Factory Cost. As per AS 2 under accounting - The costs of conversion of inventories include costs directly related to the units of production, such as direct labour, direct material and direct expenses. They also include a systematic allocation of fixed factory OH (based on normal capacity) and variable production / factory overheads (based on actual use of facility) that are incurred in converting materials into finished goods.
Chandan Subudhi
CA Final
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1
733
Loss of profit
Accountancy
answered on 27-Sep-21 10:14
How to interpret with increase of cost dur to increase of sales
latest answer
Could you clarify your query.
Krishna kumar
CA Final
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466
CA Inter Amendments
Others
answered on 26-Sep-21 09:55
In which papers do we have the amendments?
latest answer
Thank you sir
lithish kumar
CA Final
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2
532
Blocked credit
Direct Taxation
answered on 28-Sep-21 10:36
Whether ITC available for the purchase of JCB for the business? (Basic understanding JCB won't come under the definition of motor vehicle)...pls clarify
latest answer
Hi. Law has specified that ITC related to motor vehicle for transportation of passengers cannot be claimed. Effectively it means that ITC related to other vehicles can be claimed.
george joseph
CA Final
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3
706
ROM ( Read Only Memory )
Information Systems
answered on 27-Sep-21 08:00
I have seen that ROM for iphone 12 pro max is 512 GB but in videos it is taught like it has small memory of 8-10 mb. If it is that small, how can translators be stored in it. Example in my mobile I don't use any secondary memory then how come translators located?
latest answer
It's a wrong product description. 512 GB is not ROM but secondary storage. If it were to be ROM then you can not add any data to your phone because it is Read Only Memory.
Sai Eswar Kolli
CA Final
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1
568
RTP Nov'21
Auditing
answered on 26-Sep-21 08:23
Just to inform that answer of Q5 (case scenario 2) is wrongly given by ICAI in the RTP as B but it should be A. So don't be confused :)
latest answer
OK thanks I will be useful for all
Himanshu Somani
CA Final
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1
587
Bck
Economics
answered on 25-Sep-21 22:41
What is Blue chips with ur layman's example pls mam/Sir /my friends â??â??â??
latest answer
Thanks bro ð???
Balachandar S
CA Inter
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3
532
Study planner
Others
answered on 26-Sep-21 08:48
Why you are not upload law study planner? We select whole law subject but study planner made for only bcr subject
latest answer
Once Law videos are fully updated on website by Oct 10th - law planner will work
Rakesh Shah
CA Final
★ 5K+
1
538
Diubt
Financial Management
answered on 26-Sep-21 09:17
Dividend at year zero (D0) means last year dividend and current year dividend am I right?
latest answer
Thank you sir
Miradevi S
CA Final
★ 16K+
4
580