Answer Posted / sesha giri rao
if it is Raw material
Ope Balnce + Purchase- material issue to production= closing raw material
if it is finished goods
Ope balance + productiop - sales = closing finished goods.
in this closing balance =
we can apply 1. FIFO 2.LIFO 3.WEIGHTED AVERAGE METHOM
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
explain the difference between LIFO and FIFO?
What is functional area,trading partner in sap fico
Expand---------NMOP
What is the important of cash in a business unit
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
What is ABC Analysis in industrial function. hw can it s maintain ?
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
Provision of Bad Debts is made in compliance with the convention of -----------
What is the relationship between, issued share capital, share premium and paid up capital?
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
In sales what rule applicable
Can you explain about the distinction of Book-Keeping and Accounting