drr123

 Profile Answers by drr123 Questions by drr123

• Dec 6th, 2008

Work in progress a/c dr   18normal loss  a/c dr             2 to Raw Matyerial a/c              20

carajeshsingh

 Profile Answers by carajeshsingh Questions by carajeshsingh

• Jun 13th, 2008

no.journal entry shall be passed to capture 2 k.g. weigt loss. finished product shaal automatically cover cost of 2 k.g. loss of material is normal wastage.

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What is the basis of Purchasing?

ahmedali

 Profile Answers by ahmedali Questions by ahmedali

• Jun 22nd, 2008

Details of purchasing

CK Wong

 Profile Answers by CK Wong Questions by CK Wong

• Jun 11th, 2008

Coming from a manufacturing environment, the key functions of purchasing are twofold - supply & cost:(1) Ensure production plans are always met - no downtime (of course no line down) because of&nb...

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c7831887

 Profile Answers by c7831887 Questions by c7831887

• May 21st, 2009

There are two types of freight charges one is Inward and the other one is Outward.Inward is grouped under Direct expenses and it may be taken into landed cost.? Outward is grouped under Indirect expense and it will be?incurred after production.

jajpur78

 Profile Answers by jajpur78 Questions by jajpur78

• Sep 2nd, 2008

Its a direct expense and it is basically the expenditure that is spent in production for transportation.

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Sadiq

• Nov 23rd, 2014

Cash basis = Received / paid cash on the spot (only cash transactions)

Accrual basis includes cash as well as on credit. (receivable and payable)

Deepthi

• Oct 27th, 2011

Cash basis accounting is when record in books once we receive cash in hand/bank or when we make payment in cash or through bank but accrual basis once we accure the income we record in the book irrespective of whether we received or not.

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Do not explain just defination........ answer should contain example

Suyash Shah

• Sep 12th, 2017

Product is an object which, in itself, is static & does not involve time as one of its dimension. On the other hand, process is continuous & essentially implies time as one of its ingredients. So, the cost of product is arrived per unit & that of process is arrived per unit time.

Jitender Chhabra

• Oct 1st, 2015

Product Costing mean sum of all cost incl. Material (Direct), Labour (Direct/Indirect), all Overheads (factory overheads, selling & distribution overheads, admin overheads etc..) which are involved to...

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keshav

• Jul 5th, 2007

There nothing like support?cost. There 3 types of cost allocation1. reposting (pce)2. distribution (pce)3. assesment (pce&sce)

Jennifer

• Sep 20th, 2005

Headcount or number of pc's per cost centre.

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Please give examples

Radha

• Apr 21st, 2007

The capital which is mentioned in the capital clause of the memorandum of assoiciation is called as authorised capital.For example if the capital requirement of the business in the long run is Rs. 10,...

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vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Aug 18th, 2008

One of the most significant aspects of expenses is Depreciation.By changing the method of depreciation one can inflate profits. From straight line to reducing balance method without retrospective effe...

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Sarvottam Darshan

• Feb 21st, 2006

A process in the  industry where a wholesaler requests an amount that is the difference between the manufacturer's price to the wholesaler and the contract price to the resale customer. The actua...

jennifer

• Sep 20th, 2005

A recharge of costs

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krishnahr13

 Profile Answers by krishnahr13 Questions by krishnahr13

• Jun 21st, 2010

Purpose of charging back is to assertain the accoutal cost / profit of the perticular  unit (when one internal business unit is serving to other BUs like IS service or Consulting service etc.,) expenses incurred on shared basis to be charges back to other BUs..

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shaik. rafee

• Feb 26th, 2007

10 % per year

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Definitions, Explanations, How the calculations are done and possibly worked examples.

amitchandpatra

 Profile Answers by amitchandpatra Questions by amitchandpatra

• Aug 15th, 2008

Just-in-Time (JIT) manufacturing involves purchasing the raw materials and going ahead with the production process as and when the demand arises. JIT is an approach towards minimizing waste and maximi...

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johnsembee

 Profile Answers by johnsembee Questions by johnsembee

• May 29th, 2008

Statement showing changes in inflow & outflow of cash during the period is Cash Flow Statement.Statement showing the sorce & application of funds during the period is Fund Flow Statement.

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EDURI PHANI PAVAN KUMAR

• Oct 18th, 2007

Margin of safety is the difference between Actual Sales and Sales at Break Even Point. The Higher is the margin of safety, the better is for the organisation.MARGIN OF SAFETY: ACTUAL SALES - BREAK EVEN SALES.MARGIN OF SAFETY: PROFIT /P/V RATIO.

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johnsembee

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• May 29th, 2008

The derivative of total production costs with respect to the level of output is Marginal cost.The benefits you could have received by taking an alternative action is oppurtunity cost.

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What is the difference between cash flow statement and funds flow statement

keshav_ramanuja

 Profile Answers by keshav_ramanuja Questions by keshav_ramanuja

• Mar 2nd, 2009

Funds flow statement includes the transactions which are made on credit basis whereas Cash flow statement includes transactions recorded on current date basis.

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Explain the process of cost reporting

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

Cost report displays cost analysis results with details regarding average cost against revenue allocated for product / service, along with weighted average costs.

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What is the meaning Contribution Margin ? How is use ? etc

vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Aug 18th, 2008

In cost accounting the concept of Contribution exist. Costs are bifurcated into Fixed and Variable. Equation is simple: fixed cost + variable cost + profit = sale pricein short sale price - variable c...

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The term Gross and Net are often heard in business.please give examples where these terms are used ?

keshav_ramanuja

 Profile Answers by keshav_ramanuja Questions by keshav_ramanuja

• Mar 2nd, 2009

Gross amount is before deducting taxes and duties net amount is after deducting taxes and duties...In terms of expenses, net profit =  gross profit -(minus) indirect expenses.

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How machine hour rate is calculated?

drr123

 Profile Answers by drr123 Questions by drr123

• Dec 6th, 2008

Total cost of machine / total machine hours

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