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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. 

Accounting Basics, Accounting

  • Category:- Accounting Basics
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