Accounting standard 2
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2012
in AS-2 ,Inventories,while calculating overhead recovery rate for inventory,(only fixed overhead rate to be found) a)fixed overheads are divided by normal production or actual units??
b)it is written when there is extemely large actual production,overheads are to be divided by extremely large actual units,on the other hand if neglibible production,then divide by normal??is it ttrue?
c)is there any criteria that divide by normal or actual whichever is lower?
b)it is written when there is extemely large actual production,overheads are to be divided by extremely large actual units,on the other hand if neglibible production,then divide by normal??is it ttrue?
c)is there any criteria that divide by normal or actual whichever is lower?
CA Kartik Pandya
(Expert)
11 February 2012
a) Normal Rate
b)True
C)No
b)True
C)No
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