TDS %AGE ON CALLIBRATION CHARGES BILL

0 Answers   Milestone,

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1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.

3 Answers  

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Cello pen gross value is 935.89 for 12 nos 14.5% tax

0 Answers  

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Tell me an example of a tough decision that you had to make?

0 Answers  

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what do you mean by bank reconocilition statement

2 Answers  

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we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

0 Answers  

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Other accounting interview questions to expect when you interview for an accountancy job include:

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what is a journal entery of goodwill?

15 Answers   Capital IQ, Genpact, Sujana,

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IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS IS TREATED?

2 Answers   FCI, Genpact,

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What is the criteria to calculate GDP growth?

1 Answers  

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In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

0 Answers  

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What is 3/3 in Procure to pay (p2p) in Accounts Payable?

0 Answers   Accenture,

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