Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Illustrate the categorization of overheads with suitable illustrations. Illustrate the ‘Under absorption’ and ‘over absorption’.
Illustrate out the significance of management accounting. Make a distinction between budgetary control and standard costing.
Is there agreement among the different groups? Explain the issues where there is agreement or disagreement and give illustrations.
A company produces three products and is reviewing the production and sales budgets for the next accounting period. The following information is available for the three products:
General Components Ltd generates a component ‘X’, the selling price of which is Rs 50. The unit cost structure based on the present level of production or sales of 100 000 units are:
In brief comment on the possible causes of material and labor variances.
Mr. Ray, the Management Accountant, has asked you to compute the Material, Labor and Fixed Overheads variances for the month, in brief giving two reasons for each variance.
What is the current annual operating income? What is the present breakeven point in revenues?
ABC Company Ltd manufactures razor blades. Its estimated sales for period January 2010 through June 2010 are as follows: Rs.100, 000 per month from January through March and Rs.120, 000 per mo
Describe to Margaret the two main normative ethical theories
Describe Poisson Distribution and Normal Distribution? Distinguish clearly the relationship between the Binomial and Poisson distribution.
You have been appointed as a consultant for the Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers. The market for zithers is growing rapidly.
Prepare a cash budget for each of the months of July, August, September and October 2008 for Wan Group Ltd. The budget should be columnar form and all supporting workings should be shown.
Compute company’s contribution margin ratio (as a percentage). Use breakeven formula to compute the company’s breakeven point in units and in Rands. Compute the company’s margin of s
Builders Ltd is an organisation which manufactures building equipment for the building industry in and around the Sandton area in Johannesburg. Allocate and apportion the over heads to the five cost
Make Photo Artistry Company’s master budget for 2014 by completing the given schedules:
Recognize and assess any additional information that managers require to consider before accepting or rejecting this contract.
Suppose that your company sells portable housing to both general contractors and the government. It sells jobs to contractors on the bid basis. Who are the stakeholders? What are the ethical issues?
Using solver derive the optimal solutions for how many meals must be prepared to maximize profit. State the optimum meal mix and the resulting profit.
Explain cash-flow statement. Describe the goal of preparing the cash-flow statement. Differentiate between investing activities and financing activities.
Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. Compute new BEP and sales to earn present level of
The fundamental distinction between job-order costing and process costing is the breadth of the denominator. Describe.
Who is usually responsible for sales-activity variances? Why?
Trinco Ltd (Trinidad & Tobago-T&T) has been negotiating a contract with the potential customer in the Jamaica. Before negotiations started the Jamaican company accepted to pay $10,000 in adv
Find out the company's bid if direct labor hours are used as the volume-based driver and the bid is based upon full manufacturing cost plus 30 percent. Find out the company's bid if activity-based c