As per AS 2, treatment of Fixed OH in case of lower actual production as compare with normal capacity is as under.

Normal Capacity : Units 2000
Fixed OH : Rs. 500000
Actual Production : Units 1500
Sales : Units 1000
Closing Stock : Units 500

Fixed OH bifurcated in following manner.

Absorption Rate : 500000/2000 = Rs. 250

(A) Charge to Cost of Sales
= 1000*250 = 2500000

(B) Charge to Closing Stock
= 500*250 = 125000

(C) Under Recovery charge to P/L A/c
= 500*250 = 125000

QUESTION IS THAT HERE FIXED OH IS TAKEN IS BUDGETED OR IT WILL BE ACTUAL.

SIR,

WE ARE PROPRIETOR FIRM WANT TO KNOE DEPRECIATION RATES FOR AY 2012-13 FOR BELOW MANTIONED FIXED ASSETS.AS PER IT

1-CAR
2-A/C
3-BIKE
4-FAX M/C
5-PLANT & MACHINERY
6-OFFICE EQUIPMENT
7-PUMP
8-TELEPHONE & MOBILE
9-FAN
10- RENTED (given) GODOWN

i want to know how much marks is alloted for an answer where the balance sheet does not tally. where the working notes and presentation are ellaborate and only the balance sheet remains to be tallied.for eg if its a 16 marks answer how much marks might i acquire?

Dear sir i take pan no of my huf & now this year i give 11000 from my bank account to my huf account than in which head i saw this amount in my huf account & my idivisual account in tally

hey friends i wan to know that what value of beta to take in CAPM formula for calculating cost of capital when beta for few years are given. For eg - Beta of Last 5 yrs are given as .48,.52,.60,1.10,.99. In That case what would be the value of beta to be consider for CAPM Formula

Sir ESI Department has forcely recoverd the dues by instrucing our banker to debit our company account

We had gone for appeal and matter is pending

the amount wss debited in the books on 11th April ,2012 can we make the provision of the same in our books for the FY 2011=12 or should we show the amount recovered as Current assets - Esi Recovery account pending decision kindly advise

Dear sir,
iam currently pursuing icwai inter 2nd group.i want to knw how to learn costing subject.This is my first time iam dealing with such a paper.i tried to solve the problems bt unfortunately it is difficult.i was confused where to treat the items given in the question.iam planning to write the exam on june 2012.pls help me out.....i hope u will give me the reply as soon as possible.

Dear Experts

I have own two companies both are under proprietorship. Can u please give me the cash transaction limit per day between two companies..

Thx & Rgs

Harsha

Dear Sir's

We hava a motor bike valued Rs.45000/- which is not taken into Account in F.Y 2010-11 and same has been sale to our staff with same value in current Financial year. The whole amount will be deducted from his salary by equal installment of Rs.3000/ per month.

Can anybody advise me, what's the entry I made in the books of accounts.

Thanks in advance for early reply.

Dear Experts, While Preparing B/s under revised Schedle VI under what head we have to disclose Unamortised portion of Preliminery Expeses, and also amortised portion in Statement of Profit & loss.