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A cash budget for three months ended 31st January 2012.
Compute the margin of safety as a percentage of the original budgeted annual sales, if the change in production techniques were to occur.
Marginal costing and absorption costing are different methods for assessing profit in a period.
Make a statement to show the total overheads for each production department, exhibiting the basis of apportionment selected.
Compute an overhead absorption rate for each production department, by using the most appropriate basis of absorption.
Budgeted production for the month was 5,000 units though the company managed to generate 5,800 units, selling 5,200 of them and incurring fixed overhead costs of Rs 27,400.
Compute the total fixed production overhead variance.
Make a cash budget for each of the three months, July, August and September, supposing the directors purchase the computer system.
Compute the direct materials cost variance, direct materials price variance and direct materials usage variance.
As cash is very essential for the survival of any business, it is often recommended to make a cash budget, as it is no use budgeting for product ion and for sales if, throughout the budget period, t
Compute the marginal and absorption costing profit for the month.
You are the Cost Accountant of an industrial concern and have been assigned the responsibility of developing a cost accounting system. Initially it has been decided to make three production cost cen
Make a statement to show the total overheads for each production department, exhibiting the basis of apportionment chosen.
Describe what you understand by the term incremental budgeting.
Direct labor cost variance, analyzed into rate and efficiency variances.
In short term decision-making context, which one of the given would be a relevant cost:
Compute the variances for materials, labor and variable overheads.
Rayor Electronic generates a high-end compact disc player which sells for Rs 1,200. Total operating expenses for the past six months are as shown below:
The success or failure of a business based on its ability to manage cash. Therefore the cash budget is of utmost significance. Illustrate.
PNQ Limited manufactures and sells a single product. The standard production cost for a single unit of the product is as shown below:
Assume that management decides that at least 12,000 pairs of Master model should be produced. Determine the opportunity cost of this decision?
Use a break-even chart to explain accurately the break-even point and the profit or loss computed above (the use of graph paper is optional). Find out the breakeven point in sales value and the Marg
What do you mean by activity-based-costing? How does it distinct from traditional product costing approaches?
In brief describe some advantages of cash budget, making reference to an organization of your preference.
The given is the actual and budgeted data of a company for the first period ended 31st March 2010: