Q1. Illustrate the meaning of Joint Product Accounting?
Q2. Describe the relation between Break-even Point and Margin of Safety in the profit- planning?
Q3. Variable cost to sale is 70% for the ABC Limited. The break-even point takes place at 50% of the capacity sale. The fixed costs are Rs.1,20,000. find out the profit at 80% of the capacity sale.
Q4. High proprietary ratio deprives a company of the advantages of trading on equity. Do you agree?
Q5. Throughout the production method of a main product C, 250 units of by-product B were generated. The value of the by-product was Rs.20/- per unit. The by-product needed further processing costing Rs.1,000, while selling and distribution expenses were Rs.300. Compute the cost per unit of by-product B supposing 25% profit on cost.
Q6. What do you mean by Balance Scorecard? Illustrate the perspectives.
Q7. Variance analysis is an efficient tool for the performance measurement. prepare down your opinion.