Accounts QnA [Resolved]

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pratik mehta

This Query has 3 replies

17 March 2009 at 21:17

standard costing

Standard hour for manufacturing two products M & N are 15hrs/unit & 20 hrs/unit respectively.Both products require identical kind of labour and standard wage rate per hour is Rs.5.In the year 2006, 10000 units or M & 15000 units of N were manufactured. The totals of labour hour actually worked were 450500 and actual wages bill cameto Rs.2300000.This include 12000 hours paid for @ rs.7/hrs and 9400 hours paid for rs.7.50/hrs, the balance had been paid at rs.5/hrs.Calculate labour rate variance,labour efficiency variance, labour cost variance

Guest

This Query has 4 replies

17 March 2009 at 18:59

FINANCE

HOW IS WORKIG CAPITAL IS CALCULATED

CA. BIJENDER KR. BANSAL

This Query has 3 replies

17 March 2009 at 15:39

TREATMENT OF LOSS BY FIRE AND INSURANCE CLAIM

DEAR ALL,

TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.

Jagadish

This Query has 3 replies

17 March 2009 at 13:13

Capital work in progress

Thanks for reply
This project going to be a sep. legal entity in that case same rules apply?

We have started one project and all expenses related to that project am debiting capital WIP.Now we have purchased a vehicle exclusively using this project. I have doubt whether i accounted as fixed assets or as capital WIP

Kindly clarify the doubt

Thanks in Advance
Jagadish

Jagadish

This Query has 3 replies

17 March 2009 at 13:05

Capital work in progress

We have started one project and all expenses related to that project am debiting capital WIP.Now we have purchased a vehicle exclusively using this project. I have doubt whether i accounted as fixed assets or as capital WIP

Kindly clarify the doubt

Thanks in Advance
Jagadish