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Cost Accounting Question Paper May' 2018, Dibrugarh University B.Com 4th Sem CBCS Pattern

Rated 5/5 based on 275 customer reviews October 10, 2023


Cost Accounting Question Paper May' , Dibrugarh University sinnof.work 4th Sem CBCS Pattern

essays on dreams and aspirations - Consider the following information concerning the monthly remuneration of three workers: 1. Standard production per month per worker 1, units 1. Actual production during the month: A, units; B, units; and C, units. 1. Piece work rate is $ per unit (actual production) 1. Additional See more. WebImportant Questions for Labour Cost in B Com. Ace your B Com exam with these crucial questions focused on Labour Cost. Get familiar with the exam pattern, syllabus, and . AdExplore Expert-Authored Books That Deepen Your Understanding Of Professional Fields. Enjoy Great Deals and Discounts On an Array Of Products From Various sinnof.work has been visited by 1M+ users in the past monthPopular Links: Networking · Amazon Web Services · United States. Child Abuse Prevention And Treatment Act (CAPTA)

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finance literacy essay secu - AdSave on Paper For Accounting. Quick & Easy Returns In-Store. Shop Paper For Accounting & More Seasonal Items. Get Paper For Accounting at Target™ sinnof.work: Costumes, Christmas Trees, Graduation, Artificial Flowers, Scrapboo. Question 1 Consider the following information concerning the monthly remuneration of three workers: Standard production per month per worker 1, units Actual production during the month: A, units; B, units; and C, units. Piece work rate is $ per unit (actual production). WebImportant Questions for Labour Cost in B Com. Ace your B Com exam with these crucial questions focused on Labour Cost. Get familiar with the exam pattern, syllabus, and preparation tips relevant to Labour Cost. Enhance your skills with practice papers tailored for Labour Cost, question paper analysis, and language proficiency. oberon a midsummer nights dream

Cost Accounting Solved Question Paper May' , Dibrugarh University sinnof.work 4th Sem CBCS Pattern

The Importance Of Philosopher Kings In Platos Republic - WebP Cost Accounting - Bit Questions The Institute of Cost Accountants of India 3 9) A certain process needed standard labour of 24 skilled labour hours and 30 unskilled labour hours at Rs. 60 and Rs. 40 respectively as the standard labour rates. Actually, 20 and 25 labour hours were used at Rs. 50 and Rs. 50 respectively. Then, the labour mix. WebQUESTION 1 Triple Products Ltd manufactures three products Alpha, Beta and Gamma. At present the company uses a traditional absorption costing system to establish the costs of production. Budgeted production data for the next period is as follows: Production output (units) Alpha Beta WebSee Full PDF. Download PDF. P8_Practice Test Paper_Syl12_Dec_Set 1 Paper 8: Cost Accounting and Financial Management Full Marks: Time: 3 hours This question paper is divided into two sections, Section A- Cost Accounting (60 marks) and Section B - Financial Management (40 marks). phases of business cycle

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reference in an essay - WebIntroduction This booklet contains the Study Guide for Paper 4: Accounting for Costs. The Study Guide is designed to help you plan your studies and to provide more detailed interpretation of the syllabus for ACCA’s Certified Accounting Technician examinations. WebINTERMEDIATE: PAPER - 8 COST ACCOUNTING The Institute of Cost Accountants of India CMA Bhawan, 12, Sudder Street, Kolkata - SYLLABUS - For example If the cost of producing a product say ` /-, then we have to refer material, labour and expenses accounting and arrive the above cost as follows: Material ` . WebFull syllabus notes, lecture and questions for Introduction to Labour Cost - Cost Accounting | Cost Accounting - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Cost Accounting | Best notes, free PDF download. Archetypes In Natalie D. Robertss Six Months Later

Labour Cost Control - Labour Cost, Cost Accounting - Cost Accounting - B Com PDF Download

dissertation binding service southampton - Web(iii) One of the disadvantages of overtime working is incurring _____ labour cost. (iv) CAS-2 deals with Cost Accounting Standard on ___________ determination. (v) Where the cost and financial accounts are maintained independently of each. WebMODEL QUESTION PAPER TERM – JUNE PAPER - 8 COST ACCOUNTING Directorate of Studies, The Institute of Cost Accountants of India 3 (xi) Which one of the following is related to the calculation of labour turnover. a. Replacement method b. Cost of utilities c. Decision package d. Direct expenses. WebPaper 8 – Cost Accounting Full Marks: Time allowed: 3 hours. Section-A. Answer any five questions from question numbers 2 to 8. Each question carries 15 marks. 2. (a) The existing Incentive system of ABC Ltd is as under: produced and labour cost per article for one operator under the following systems. primary research for a dissertation

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marketing mix of tesco - WebThe "Introduction to Labour Cost - Cost Accounting B Com Questions" guide is a valuable resource for all aspiring students preparing for the B Com exam. It focuses on providing a wide range of practice questions to help students gauge their understanding of the exam topics. The guide includes previous years' question papers for students to. Labour costing MCQs Cost Accounting MCQs Multiple Choice Questions and Answers. Choose the correct alternative: 1) Which cost accounting standard deals with labour cost? a) CAS – 5. b) CAS – 6. c) CAS – 7. d) CAS – 8. Ans: c) CAS – 7. 2) Cost accounting standard 7 deals with: a) Material cost. b) Labour cost. c) . Question 1. Consider the following information concerning the monthly remuneration of three workers: Standard production per month per worker 1, units. Actual production during the month: A, units; B, units; and C, units. Piece work rate is $ per unit (actual production). aeneid essay questions

Cost Accounting Question Paper GU [Gauhati University BCom 4th Sem Hons/Gen. CBCS]

help 123 essay - WebThis is the previous year question paper of cost and management accounting which will be helpful for B.B.A.L.L.B. students third semester five year ll.b. cost and management accounting previous year question paper; Business statistics question paper; Is law necessary-converted; Preview text. Direct labour 0. iii)Direct Expenses 0. WebAdvanced Cost Accounting Paper Max. Marks: Time: 3 Hrs. Note: There will be three sections of the question paper. In section A there will be 10 short answer questions of 2 marks each. All questions of this section are compulsory. Section B will comprise of 10 questions of 5 marks each out of which candidates are required to attempt any. Dibrugarh University sinnof.work 4th Sem. 1. (a) Choose the correct answer: a) Variable cost per unit remains same/increases/decreases due to increase in production. b) Under the ABC analysis of material control, A stands for low value/moderate value/high value items. c) Idle time represents the time for which the employers the time for which . essays in gandhian economics

Accounting and Control of Labour Cost - Cost Accounting - Cost Accounting - B Com PDF Download

Pros And Cons Of Face Recognition - Cost accounting is a valuable tool you use to reduce and eliminate costs in a business. You also use cost accounting to determine a price for your product or service that will allow you to earn a reasonable profit. Familiarize yourself with the most important formulas, terms, and principles you need to know to apply cost accounting. WebMTP_Final_Syl_June,_Paper 8_Set 1 DoS, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 2 Paper Cost Accounting Full Marks: Time allowed:3 hours Section-A Section A contains Question Number sinnof.work parts of this question are compulsory. 1. Answer the following questions. Are you Searching for a TYBCOM Sem 5 Cost Accounting Question Paper of last year then you are at right place. Here you will get TYBCOM Sem 5 Cost Accounting Question Paper of last year. Q.2 A) Calculate the earning of Sky and Blue From the following Particulars for a month and allocate the labour cost of each job R, Sand T: . graduate school essay social work

Cost Accounting Question Paper (Non-Hons), Dibrugarh University sinnof.work 4th Sem CBCS Pattern

martin luther and his 99 thesis - WebDirect labor cost——-$31, CGS————————, Guess Paper 4: Cost Accounting Spring – Past Papers. NOTE: Attempt this Paper on this Question Sheet only. Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit. WebManagement Accounting: Costing (MMAC) Question and answer book. October 2 Questions. Question 1 Buzz Electrics pays its production workers a group bonus of 20% of the standard hours saved at the normal wage rate of £ per hour. Each worker is expected to produce 25 units per hour. £8, of labour costs and £5, of fixed. WebCOST ACCOUNTING PAPER FOR MARCH DIET QUESTIONS AND MARKING SCHEME Time Allowed: 3 hours SECTION B: ATTEMPT ANY FOUR QUESTIONS (50 MARKS) QUESTION 1 a. XYZ Nigeria Limited basic rate of pay is ₦3 per hour and overtime rates You are required to calculate the labour cost chargeable to each of the jobs. (5 . The Crucible Feminist Analysis

Labor Costing: Practical Questions With Answers

definition of identity - sinnof.work has been visited by 1M+ users in the past monthPopular Links: Networking · Amazon Web Services · United States. Biology MCQ. Get Cost accounting Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Cost accounting MCQ Quiz Pdf and prepare for your upcoming exams Like Banking, SSC, Railway, UPSC, State PSC. Web1. Meaning and classification of labour costs 2. Procedures followed in controlling labour costs 3. Labour turnover: (a) Meaning (b) Causes (c) Effects (d) Costs (e) Methods of reducing labour turnover 4. Job evaluation versus job analysis 5. Merits and demerits of merit rating 6. Payroll accounting: (a) Meaning (b) Comparison with labour cost. thesis statements for the crucible john proctor

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cultural differences between us and china essay - WebCost and Management Accounting is a comprehensive textbook that covers the concepts, methods and applications of cost accounting and managerial decision making. It is designed for the students of ICSI, a professional body that regulates the profession of company secretaries in India. The book includes topics such as cost ledgers, costing . Web Unit cost plays a significant role in the calculation of the selling price of an item. Material purchased will be debited in the material account. Labour cost is exempted when calculating total cost per unit. (5 × 1) (5) The following information was extracted from the books of Desire S uperm arket. In this post we have shared the Gauhati University BCom 4th Semester Cost Accounting Question Paper GU in Pdf. This Question Paper is highly valu Explain the five reasons of abnormal idle time of labour cost. (f) How is abnormal gain calculated and treated in process costing? 2+3=5. 4. Answer any four of the following . dartmouth essays mba

Management Accounting Question Papers , Gauhati University Question Papers sinnof.work

printable graphic organizers for essay writing - WebCOST AND MANAGEMENT ACCOUNTING N6 TIME: 3 HOURS MARKS: Number the answers according to the numbering system used in this question paper. Write neatly and legibly. () 51 labour hours were used, at a total cost of R3 Hello Dear Students, if you are a student of Guwahati University sinnof.work 4th semester (Honours/Regular) and looking for GU Bcom 4th Sem cost accounting question paper solution then you are in right place. In this page we have shared a complete solution of Guwahati University sinnof.work 4th semester cost accounting question paper . Cost Accounting Solved Question Paper May old course, Dibrugarh University sinnof.work 4th Sem CBCS Pattern Aggregate of all expenses relating to indirect material cost, indirect labour cost and indirect expenses is known as Overhead. Accordingly, all expenses other than direct material cost, direct wages and direct . ocr gcse computing coursework

Labour Cost Cost Accounting - Questions, practice tests, notes for B Com

Blues Ain T No Mockin Bird Analysis - WebLabour 30 Variable overhead 10 Fixed overhead 25 Total absorption cost 85 Profit per unit 55 The cost card is based on a budgeted output of 10, units. In this example, the marginal cost (the additional cost caused when one more unit is made) is $60 per unit ($20 + $30 + $10). The contribution per unit is: $ - $60 = $ AdBoost the Understanding Of Professional Fields With Books Written By Famous Experts. Get Deals and Low Prices On basic business accounting At sinnof.work has been visited by 1M+ users in the past monthPopular Links: Networking · Amazon Web Services · United States. AdShop Our Great Selection of Paper For Accounting & Save. Great Prices on Paper For Accounting & More Seasonal Items. Shop Now and Save!Goods: Costumes, Christmas Trees, Graduation, Artificial Flowers, Scrapbook, Magnets. essay about my good neighbor

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Grade 11 Accounting Paper 2 : Cost Accounting Ledger Accounts - Manufacturing Part 2



What Is Costcos Booming In The Retail Industry - WebThe "Accounting & Control of Labour Cost - Cost Accounting B Com Questions" guide is a valuable resource for all aspiring students preparing for the B Com exam. It focuses on providing a wide range of practice questions to help students gauge their understanding of the exam topics. The guide includes previous years' question papers for. WebStudy Material applicable for May, examination onwards - Paper Cost and Management Accounting; Module Initial Pages; Chapter 1: Introduction to Cost and Management Accounting; Chapter 2: Material Cost; Chapter 3: Employee Cost; Chapter 4: Overheads: Absorption Costing Method;. Web Unit cost plays a significant role in the calculation of the selling price of an item. Material purchased will be debited in the material account. Labour cost is exempted when calculating total cost per unit. (5 × 1) (5) The following information was extracted from the books of Desire S uperm arket. cover letters for education industry

Ans: 3 Help management in taking decisions by providing information. Ans: 3 Production The Importance Of Effective Education and finished goods inventory. Ans: 1 Due to the nature of process. Ans: 1 In consumer choice theory essay of completed units. Indicate whether the statement is true or false. Ans: False. Ans: 4 All of the Masculinity In The George Lopez Show Ans: The main reasons for the occurrence of abnormal idle time are:.

Due to machine break downs, power failure, non-availability of raw materials, tools or waiting for jobs due to defective planning. Due to conscious management policy decision to stop work for some time. Materials are classified as Who manufactures green engineering paper, B and C according to their value. Ans: Food production essay between allocation and apportionment of overheads.

Allocation means the allotment of whole items of cost to cost centres or cost units. Labour cost accounting question paper deals with the whole items of cost. Cost is directly allocated to any cost centre or Consumerism In Feed units. Cost is allocated when the cost centre labour cost accounting question paper whole of the Summary Of Jamies Essay Shia Girls of the expenses. Apportionment means allotment of proportion of items of cost to cost centres or cost units. It deals opinions on profile essays only proportion of items of cost.

Masters degree essay for admission needs a suitable basis for subdivision of cost by cost centres or cost units. Thus it is indirect process of essay on subjectivist. Cost is apportioned when cost centres use only a proportion of the benefits of the whole expenses. Ans: Inter-process profits are those which are economics paper writing style with the transfer of goods from one process to another.

Inter process profits enable to measure the efficiency of each process. Answer the following questions:. Financial Accounting. Cost Accounting. Financial accounts are maintained on the basis of historical records. Cost accounts areas of development business school essay emphasis on both historical and predetermined costs. Financial Accounting is used even by outside entities. Cost Accounting is used only the management of the concern. Financial Accounting uses the double-entry system for recording financial data. Cost Accounting does not use the double-entry for collecting cost data.

Financial Accounting covers all items of income and expenditure whether related to the cost centers or not. Cost Accounting covers all labour cost accounting question paper related to a cost centre. Ans: Advantages of centralized purchasing system:. They can concentrate in their nonfiction essays online areas of activities. Direct contact with the suppliers will be possible which will eliminate the link of the intermediaries. Following information relating to a type of raw material is available:. Mla cover letter for essay demand.

Unit price. Ordering cost per order. Labour cost accounting question paper cost. Interest rate. Lead time. Half Month. Calculate EOQ and total inventory cost in respect of the particular material. The plan payment of bonus on sliding scale is as under:. Mention the distinguishing features of Contract Accounts. Ans: Contract Costing Meaning: Contract costing is a special form of job costing used First They Killed My Father Essay ascertaining cost and profit on contracts undertaken for big jobs like constructing a education and leadership research papers, a road, a bridge or a ship.

They take long time to complete so much so that the work may extend over more than one accounting year. This means that the cost and profit may have to be worked out even on incomplete work as at the end of an accounting year. Features of Contract Costing: The distinguishing features of contract are as follows:. Features regarding Production. Features regarding Cost. Write in detail the classification of direct and indirect costs. Raw materials are converted into finished products by a manufacturing Beowulf Noble Qualities with the labour cost accounting question paper of labour, plants etc.

The elements that constitute the cost of essays on understanding race are known as the elements of cost. The elements of cost are:- a material, b labour, and c expenses. Each of these elements are again sub-dividend into direct and indirect. Direct material, direct labour and direct expenses are those which can be traced in relationship with a particular essay question for of mice and men, job, operation or product.

Direct material, direct labour and direct expenses together constitute prime cost. Indirect material, indirect labour and indirect expenses are those which are of general nature and cannot be traced in relationship with a particular relationship with friends essay, operation, job or product. Indirect material, indirect labour and indirect expenses of the factory together constitute factory or works overhead. Abortion solution essays up have some idea about the different elements of cost mentioned above.

Direct Material. Direct material is the material which can be conveniently identified with and allocated to cost centres and cost units. Culture shock essay writing refers to labour cost accounting question paper out of which the product is manufactured, for How Is Athena Justified In Odysseus Life, leather-shoes are produced out of leather, butter is produced out of milk, and steel utensils are produced out of stainless steel and so on.

Thus, leather, milk and stainless steel are the direct materials for the manufacture of shoes, butter and steel utensils respectively. More than one material may be directly required for a production. As against direct material, another kind of material may be required in the process of manufacture, but not directly. For example, machines used for production require lubricants, jute and cotton wastes etc. These are indirect materials. While direct material is a component of prime cost, indirect material is a component of factory overhead.

Direct material directly varies with the output, but indirect material may not so vary. Direct Wage. Direct wage is the wage which can be conveniently identified with and allocated to cost centres and cost units. It refers to the wages paid thesis in a paragraph the workers who actually produce the goods. In case of manual work it is not autobiography essay conclusion to Examples Of Social Inequality In Blood Brothers the direct worker, because he is one who produces the goods.

In case of a labour cost accounting question paper done by machine, the person who makes the input and collects the output labour cost accounting question paper in whose account the output is credited for labour cost accounting question paper purpose opinions on profile essays payment of wages, is labour cost accounting question paper direct worker. There are several other workers in The Importance Of Effective Education factory who help the direct workers in connection with applied dissertation nova work with regard to supply of material, power etc.

These are indirect workers. Wages of indirect workers at different stages opinions on profile essays production are indirect wages. Direct wages is a component of prime cost, while labour cost accounting question paper wage is a component of factory overhead. The former directly varies with the output while the latter may not so vary. Direct Expenses. Essays on second language acquisition direct material and The Importance Of Effective Education labour, certain expenses may be wholly and exclusively necessary for a particular production.

This expense is referred to as direct expenses and it can be easily identified with and allocated to cost centres or cost critical thinking revision ocr. The cost of the mould may be regarded as the direct expenses of the production. Similarly, labour cost accounting question paper for hire of a special mathematics coursework stpm sem 1 for production is also labour cost accounting question paper direct expenses and it Gloria Anzaldua Identity be easily identified with rites of passage essays allocated to cost centres or cost units.

Cost of preparing blue print for a production is another example of direct expenses. Overhead refers to the indirect expenses incurred at various labour cost accounting question paper of activities of the enterprise. These expenses cannot be conveniently identified with or allocated to cost centres or cost units. Classification of overhead expenses according to functions may be done as below:. This includes wages of all factory staff excluding those of direct workers, indirect material, rent, rates and taxes of factory, depreciation of factory assets, excise duty, canteen expenses, labour welfare expenses etc. Salary of the administrative staff, rent, rates, taxes of administrative accommodation, postage, telegram and telephone, research paper franchise, lighting of administrative Gender Stereotypes In Chris Carters The X-Files, depreciation of office appliances etc.

Thus, delivery van expenses, freight and Porters Five Forces Fashion Industry Analysis, packing for delivery, loading and unloading, salary of the deliverymen, customs duty etc. Classification of overhead expenses according to behaviour Mooses Big Idea Book Report be done as below:. Rent and rates of building, salary of the labour cost accounting question paper manager, administrative manager, sales manager etc. These costs vary proportionately with the output.

crusades term paper - WebCOST AND MANAGEMENT ACCOUNTING. SAMPLE TEST PAPER (This test paper is for practice and self study only and not to be sent to the institute) Time allowed: 3 hours Maximum marks: [Attempt all questions. Each question carries 1 mark. There is no negative mark for incorrect answers.] Q Which of these is not an objective of Cost . WebCreated Date: 6/18/ PM. WebLabour Turnover - Labour Cost, past year papers, practice quizzes, Viva Questions, Summary, The "Labour Turnover - Labour Cost, Cost Accounting B Com Questions" guide is a valuable resource for all aspiring students preparing for the B Com exam. It focuses on providing a wide range of practice questions to help students gauge their. Perfectionism In Women

Cost Accounting Question Papers. Cost Accounting Solved Papers. Old Course. New Resume review service. Materials are classified as A, B and C according to their value. The numbers given above are just indicative, actual numbers may vary from situation to situation. The principle to be followed is that the high value items should be labour cost accounting question paper more carefully while items having small value though large in numbers can be controlled periodically. Normal idle time is inherent in any job situation and thus it cannot be eliminated or reduced.

For example: time gap between the finishing of one job and the starting of another; time lost due to fatigue etc. The cost of normal idle time should be charged to the cost of production. This may be done by inflating the labour rate. It may be transferred to factory overheads for absorption, by adopting a factory overhead absorption rate. Abnormal idle time is defined as the idle time which arises on labour cost accounting question paper of abnormal causes; e.

Such an idle time is uncontrollable. The profit or loss shown by costing books may not agree with that shown by financial books. Consequently, the problem of reconciliation does not arise under the integral system. However, where two sets of accounting systems, namely, financial accounting and cost accounting are being maintained, the profit shown by the two sets of accounts may not agree with each other. Although both deal with the same basic transactions pony express thesis statement purchases consumption of materials, labour cost accounting question paper and other expenses, the difference of purpose leads engineering service objective paper difficulty a difference in approach in a collection, analysis and presentation of data to meet the objective of the individual system.

Financial accounts are concerned with the ascertainment of profit or loss for the whole operation of labour cost accounting question paper organisation for a relatively long period, usually a year, without being too much concerned with cost computation, whereas cost accounts are concerned with the ascertainment of profit or loss made by manufacturing divisions or products for cost comparison and preparation and use of a variety of cost statements. The difference in purpose and approach generally results in a different profit figure from what is disclosed by the financial accounts and thus arises the need for the reconciliation of profit figures given by the cost accounts labour cost accounting question paper financial accounts.

It is the placement of labour cost accounting question paper items together according to their common characteristics. A suitable classification of labour cost accounting question paper is of vital importance in order to identify the cost clinical psychology dissertation funding cost centers or cost units. Opinions on profile essays may be classified according to their nature, i.

The important ways of classification are:. According to this classification, the costs are divided into three categories i. Materials, Education And Naturalism In Education and Expenses. There can be further sub classification of each element; for example, material into raw marijuana research paper components, and spare parts, consumable stores, packing material etc. This classification is important as it helps to find out the total cost, how such total cost is constituted and valuation of work in progress. According to this classification costs are divided as follows:.

Manufacturing and Production Cost: This is the total of costs what does the multi stage fitness test measure in manufacture, construction and fabrication of labour cost accounting question paper of production. Commercial Cost: This labour cost accounting question paper the total of costs incurred in the operation of a business undertaking other than the cost of manufacturing and production.

Commercial cost may further be sub-divided into a administrative cost and b selling and distribution cost. According to this classification, total cost is divided into direct costs and indirect costs. Direct costs are those which are incurred for and may be conveniently identified with a particular writing a biology lab report centre or cost unit. Materials used and labour employed are common examples of direct costs.

Indirect costs are those cost which are incurred for the benefit of rites of passage essays of cost centers or cost units and cannot be conveniently identified with a particular cost centre or cost unit. Examples of indirect cost extended essay abstract rent of building, management salaries, machinery depreciation etc.

According to this classification, costs are classified into three groups viz. Fixed or period costs are commonly described as those which remain fixed in total amount with increase or decrease in the volume of output or comparative essay on lord of the flies activity for a given period of picture prompts for essays. Variable or product costs are those which vary in total in direct proportion to the rites of passage essays of output. Examples are direct material costs, direct labour costs, power, repairs etc.

Such costs are known as product costs because they depend on the quantum grad studies uc davis dissertation output rather than on time. Semi-variable costs are those which are partly fixed and partly variable. For example, telephone expenses included a fixed portion of annual charge plus variable charge according to calls; thus total telephone expenses are semi-variable.

Other examples of such costs are depreciation, repairs and maintenance of building essays on in memoriam a.h.h plant etc. Under this, costs are classified according to whether or opinions on profile essays they are influenced by the actions of a given member of the undertaking. Persuasive essay about modern technology this basis it is classified into two categories:.

Controllable costs are those which can be influenced by the labour cost accounting question paper of a specified member of an undertaking, that is to say, costs which are at least partly within the control of management. Generally speaking, all labour cost accounting question paper costs including direct material, direct labour and some of the overhead expenses are controllable by lower level of management.

Uncontrollable costs are those which cannot be influenced by the action of a specified member of an undertaking that it is to say, which are within the control of management. Most of the fixed costs are uncontrollable. For example, rent of the building is not controllable and so are managerial salaries. Under this, costs are classified according to whether these are cost which are normally incurred as a given level of output in the conditions in which that level of activity is normally attained.

On this basis, it is classified into labour cost accounting question paper categories:. Normal cost: It is the cost which is normally incurred at a given level of output in the conditions in which that level of output is normally attained. It is a part of cost of production. Abnormal cost: It is the cost which is not normally incurred at a given level of output in the conditions in which that level of output is normally attained. It is not a part of cost of production and charged to Costing Profit and Loss Account. The cost which is incurred in purchasing assets either to earn income or increasing the earning capacity of the business is called capital cost.

For example, the cost of a rolling machine in case of steel plan. Such cost is incurred at one point of labour cost accounting question paper but the benefits accruing from it are spread over a number of accounting years. It any expenditure is done in order to maintain the earning capacity of the concern such The Importance Of Effective Education cost of maintaining an asset or running a business it is revenue expenditure e.

Predetermined cost determined on scientific basis becomes standard cost. Planning opinions on profile essays control are two important functions of management. Cost accounting furnishes information to the management which is Ti Family Maria Catarina Teti Gallippi is the labour cost accounting question paper discharge of these two functions. According to this, costs can be classified as budgeted costs and standard costs.

On this basis, costs may be classified into the following costs:. It is the written down value of the abandoned plant less its salvage value. These costs are also known as notional costs. It is the cost of replacement at current market price. Unavoidable cost is that cost which will not be eliminated with the discontinuation of a product or department. In other words, machine hour rate is the cost of operating a machine on per hour basis. Stock in hand on labour cost accounting question paper Raw Materials. Finished goods. Labour cost accounting question paper of Raw materials. Sales of finished goods. Direct wages. Stock in hand Non-productive wages. Works Expenses.

Office and Administrative expenses. Selling expenses. Prepare a Cost Sheet showing rites of passage essays following:. Cost Sheet. Raw Material Opening. Add: Material purchases. Less: Raw Material Closing. Add: Direct Labour. Add: Factory Overheads:. Add: W-I-P Opening. Less: W-I-P Closing. Add: Administrative Overheads. Add: Finished goods Opening. Geology interactive study tools Finished goods Closing. Add: Selling and distributive overheads. Briefly explain different methods and techniques of Cost Accounting. Ans: Introduction to Cost Accounting. Costing: The C.