Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Cost Accounting Expert

Section-A

problem1) describe management accounting as an effective tool of financial control.

problem2) What do you understand by cash from operating activities? How is it computed?

problem3) The “volume-cost-profit relationship provides management with a simplified framework for organizing its thinking on a number of problems.” describe

problem4) Recently a conference speaker discussing budgets & standard costs made the following statement- “Budgets & standard costs are not the same things, they have various purposes & are set up & used in different ways, yet a specific relationship exists between them.”

In the light of above statement, identify the similarities & differences between budgets & standards.

Section-B

Case Study

Batty & Co. is presently working at 50% capacity & produces 10,000 units. At 60% working raw material cost increases by 2% & selling price falls by 2%. At 80% working raw material cost increases by 5% & selling price falls by 5%.

At 50% capacity working product costs Rs.180 per unit & is sold at Rs.200 per unit. The unit cost of Rs.180 is made up as follows:

    Material                               Rs.100
    Wages                                 Rs.30
    Factory Overheads              Rs.30 (40% fixed)
Administration Overheads        Rs.20 (50% fixed)

problem1) Prepare a marginal cost statement showing the estimated profit of the business when it is operated at 60% & 80% capacity. Also compute break-even points at these levels.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M93223

Have any Question? 


Related Questions in Cost Accounting

Cool ride skis ltd case studyit is the end of 2015 and

COOL RIDE SKIS LTD CASE STUDY It is the end of 2015 and Grace Miller, senior management accountant for Cool Ride Skis Ltd has been analysing the Victorian division's 2015 results. Both she and the company's Managing Dire ...

Exercise assume that schipper company has the same data as

Exercise : Assume that Schipper Company has the same data as before, but that Schipper Company now pays a marginal tax rate of 40 percent. Required 1. What is the after-tax cost of the mortgage bonds? 2. What is the afte ...

Assessment requirementsthis assessment has four primary

ASSESSMENT REQUIREMENTS This assessment has four primary aims: 1. To provide you with an opportunity to develop your understanding of standard costing and variance analysis; 2. To provide you with the means to further re ...

Assignmentproblem 1 cvp analysisthe owners of cobbs gym

Assignment Problem 1: CVP analysis The owners of Cobb's Gym currently are working on their operating plan for the coming year, and they have provided you with the following average membership and cost data for the previo ...

Assignment 1 - consider the places of employment of the

Assignment 1 - Consider the places of employment of the team members or businesses with which the team is familiar and the industries in which they operate. Create a 12-slide presentation, including detailed speaker note ...

Learning outcomes1 identify and critically analyse

Learning Outcomes 1. Identify and critically analyse principles and trends in Performance Measurement and Control. 2. Determine the different budgeting techniques and critically evaluate their use in short term decision ...

The cost of capitalassume that you are a member of an

The Cost of Capital Assume that you are a member of an aerospace company's newly formed executive committee that has been given the role of reviewing requests for major capital expenditures. The committee chairman has la ...

Cost accountingthe following company uses machine-hours to

Cost Accounting The following company uses machine-hours to allocate manufacturing overhead costs.                                               Company         Job # 323 Direct materials                         $25,000 ...

Problem 1triglassplc has three types of capital the market

Problem 1 TriglassPlc has three types of capital. The market capitalization of its equity is $20 million. These ordinary shares have a beta of 0.9, as measure over the past five years of monthly returns which may be take ...

Question1 which of the following statements concerning job

Question 1. Which of the following statements concerning job costing systems is incorrect? a. Cost drivers are those items which cause actual overhead to exceed applied overhead. b. Job costing systems are appropriate to ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate