Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Section-A:

problem 1: Discuss in short the various GAAPs which are mandatory to be followed.

problem 2: What are the different components of total cost?

problem 3: What are the statements of financial information? describe two items from each.

problem 4: Describe statement of changes in financial positions, with an illustration.

Section-B:

Case Study:

M/s XYZ Ltd manufactures a product ‘PLVS’ at its plant at Meerut, the maximum capacity of which is 200 units per month. Details of raw materials which go into the making of 1 unit of ‘PLVS’ are given below:

631_PLVS.jpg

Standard fixed overheads are Rs. 20,00,000/- per month while the standard variable overhead rate has been estimated as equal to Rs.1,400/- per unit of finished goods.

You are required to find out the following:

a) Standard cost of the product.

b) find out the production volume variance in case the company produces and sells only 100 units of finished goods in the concerned month.

c) find out the usage and material price variances considering the given actual data (actual production and sale: 100 units)

1108_price variances.jpg

d) Supposing no deviation in the actual selling price (Rs. 30,000/-) and the actual overheads from what was projected in Standards, you are needed to find out the actual profits.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91875

Have any Question? 


Related Questions in Basic Finance

1 what is the difference between the short position and the

1. What is the difference between the short position and the long position in a futures market? 2. Give an example of how someone might hedge using a commodity futures and give an example of how someone might hedge using ...

The shareholders of motive power corp need to elect four

The shareholders of Motive Power Corp. need to elect four new directors to the board. There are 14,900,000 shares of common stock outstanding, and the current share price is $11.10. If the company uses cumulative voting ...

1 define a multinational corporation mnc what additional

1. Define a multinational corporation (MNC). What additional factors must be considered by the manager of an MNC that a manager of a purely domestic firm is not forced to face? 2. Who are the major players in foreign cur ...

Choose a theory presented in a self-help bookinvestigate

Choose a theory presented in a self-help book. Investigate whether the theory is supported by science or is an example of pseudoscience.

1 what do you see as the biggest challenges in conducting a

1. What do you see as the biggest challenges in conducting a brand audit? What steps would you take to overcome them? 2. Pick a brand. See if you can assemble a brand inventory for it.

1 when a longitudinal design reveals a change in behavior

1. When a longitudinal design reveals a change in behavior over time, why can we not conclude that the change is due to development? 2. What are generational effects, and why do they sometimes create a problem in cross-s ...

Suppose that you are following the stock of a firm that has

Suppose that you are following the stock of a firm that has been experiencing severe problems. Failure is imminent unless the firm is granted government guaranteed loans. If the firm fails, its stock will, of course, fal ...

Finance homeworkdevelop a three- to four-page analysis

Finance homework Develop a three- to four-page analysis (excluding the title and reference pages) on the projected return on investment for your college education and projected future employment. This analysis will consi ...

1 describe and illustrate an integrated service provider

1. Describe and illustrate an integrated service provider. How does the concept of integrated service provider differ from traditional service providers, such as forhire transportation and warehousing? 2. Compare and con ...

1 what problems did the decline in housing prices that

1. What problems did the decline in housing prices that began in 2006 cause for the financial system? 2. What actions did the Federal Reserve and Treasury take in dealing with the financial crisis? What is the moral haza ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro