Published Dec 13, 2022
2 mins read
409 words
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Economics
Academics and Education

Loss, Wastage, Variance, Then Profit

Published Dec 13, 2022
2 mins read
409 words

Match costing us suitable for sugar chemical para and oil industry to ledger is considered as accounting record Bin card bill of material or not Idol item time keeping refers to time spend by workers and factors directors remuneration and expenses forms a part of production administrative selling distribution overhead and reconciliation statement expenses shown only in cost accounts or added to financial profit director and ignored the suitable profit cost system where the product before and types of material and work performed as job costing 60% contribution is rupees standard price of material per kg is Rs 20 standard usage for unit of production is 5 kg actual is hundred 520 kg of all which was purchase@ 400 and verse depreciation asse example of fixed variable semi variable under none continuous stock taking is a part of ABC analysis annual stop taking perpetual inventory none of the account cost of idle time arising due to non availability of raw material is charged to factory recovering Bank flirting the wages reading note is written sales Commission interest paid the allotment of all items of cost of centre or cost unit is called allocation mint absorption PV ratio will increase if the degree in the variable progress 8000 unit or introduced during AP period 5% of input is normal lost closing workers program 50% unit 6600 completed units or transfer to next process IFB balance production for the period is 72 00 difference between standard cost and actual is called the variance distribution production in hands recording nation of firm activities more motivated manager lubricants cost and weight abortioned administration overhead accident carelessness handling of material more accurate external financial statement improved Independent and the inter department communication laws due to accident ordering caring minimum reconciliation statement expenses added to financial detected most of expense or direct in job bats and contract continuous talk taking is a part of perpetual inventory cost unit of hospital Industries patient day reflexible budget requires a careful study of semi fixed and past and current expenses preference loss due to accident ABC analysis annual stock taking perpetual inventory remains fixed per unit. In case of insurance compensation capital gains will be taxable in the year in which the assets are destroyed compensation for destruction officer climbed by the SSC the compensation is received from the insurance company not a transfer hence no capital gains enhanced received due to compulsory acquisition of Cancer Shalby taxable

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karthik07 4/3/23, 4:24 AM
Nice
jagatheesh.k 4/3/23, 12:45 PM
Best of luck
lavan.ya.s 4/3/23, 1:15 PM
Nice

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