What is cost control? what are the duties of a cost controller?

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

Cost control is a process that is followed in order to reduce the overall cost of production / service which results in not only saving more but also ensures competitive strategy. Cost controls ensur...

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how calculate vat? computation of vat? procedure of vat in return filling? tentative date of vat return filling? also TDS. which form required?

c7831887

 Profile Answers by c7831887 Questions by c7831887

• May 21st, 2009

How to caluclate VAT?Basic price of selling product (Landed cost of purchased goods + Manufacturing cost & other costs + Margin = Basic price)Add: Excise duty (if applicable & rate of duty wil...

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What is margin of safety (MOS)?

Praseedha.vs

 Profile Answers by Praseedha.vs Questions by Praseedha.vs

• Nov 13th, 2008

Margin of Safety refers the excess of actual sales over the Break even sales. This is usually indicated in percentage. Formula for MOS is (Actal Sales-Break even sales)*100/Break even sales

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How to calculate Break Even Analysis (BEP)?

bibhutigiri

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• Jul 3rd, 2009

Contribution=Sale Price-Variable Cost Break Even Quantity= Fixed Cost/Contribution

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What is Control Accounting? What is the use of it?

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

A control account represents a summary of general ledger. It helps us to keep the general ledger free of innumerable transaction details. However the details of all transactions will still be maintai...

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What is meant by ERS. Explain in detail about ERS.

kiransaroj

 Profile Answers by kiransaroj Questions by kiransaroj

• Jul 18th, 2010

ERS stands for Electonic Receipt Settlement.

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What is the meaning of project costing? What are the elements of a standard project cost sheet.

kl_krupa

 Profile Answers by kl_krupa Questions by kl_krupa

• Oct 3rd, 2010

Project costing is the identification and reporting of all costs generated by a single project. Elements of a standard project cost sheet would include all production orders, purchase orders and inventoried items are separated and pegged to the project in order to provide a total project cost

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vimala.s

• Sep 27th, 2011

It is the reconciliation of balances between branch to branch transactions or branch balances with Head office balances. For the transaction between the inter branch or with HO, generally there is del...

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Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?

Jeff Lippold

• Mar 26th, 2012

Answer is simple. A "contract" employee is working through a staffing firm and usually work short term specialty assignment. 6 to 9 month is average length of a "contract" employee. "Direct Hire/Pe...

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bhaskar

• Oct 24th, 2005

The costs that are fixed irrespective of production are fixed costs. EX: Rent, Depreciation

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Illustrate the role of cost accounting in a company

Is cost accounting subset of management or is management account subset of cost accounting? Why?

Is a software company with no office in UK required to apply for VAT registration and why? Assume this company sells through an affiliate that sells in the UK and there are VAT or taxes withheld. Is this the way to get those taxes withheld back?

Provide me the statement for construction project proffit/loss. Any tips on how to start about this will help

Discuss the procedure for the preparation of dapartmental accounts.