cost accounting
This query is : Open
25 April 2010
Sir, can you please help me to solve the given problems?
1.a factory where standard costing is followed, 4600kg of materials at rs.10.5/kg were actually consumed resulting in a price variance of rs.4800(A) and usage variance of rs.4000(F). the standard cost of actual production is_____(100,000;96000;120000)ans given is 100,000.
2.capacity usage ratio of a production dept is 90% activity ratio is 99% what is the efficiency ratio?(120, 110, 90)ans=110 how sir?
3.output of 3 different products are 20000kg, 15000kg, 15000kg.costs are in proportion of 4:6:7.cost per equivalent unit is?(10, 7, 5)ans=5 please help me Sir.
1.a factory where standard costing is followed, 4600kg of materials at rs.10.5/kg were actually consumed resulting in a price variance of rs.4800(A) and usage variance of rs.4000(F). the standard cost of actual production is_____(100,000;96000;120000)ans given is 100,000.
2.capacity usage ratio of a production dept is 90% activity ratio is 99% what is the efficiency ratio?(120, 110, 90)ans=110 how sir?
3.output of 3 different products are 20000kg, 15000kg, 15000kg.costs are in proportion of 4:6:7.cost per equivalent unit is?(10, 7, 5)ans=5 please help me Sir.
26 April 2010
1. Material Cost Var = Mat. Price Var. + Mat. Usage Var.
= 4800 (A) + 4000 (F) = 800 (A)
It means actual cost is incresaed by Rs. 800 as compare to Standard Cost.
.'. Standard Cost = Actual cost - 800 (A)
= (4,600 * 10.5)-800
= 47500.
= 4800 (A) + 4000 (F) = 800 (A)
It means actual cost is incresaed by Rs. 800 as compare to Standard Cost.
.'. Standard Cost = Actual cost - 800 (A)
= (4,600 * 10.5)-800
= 47500.
01 May 2010
But in choice,this option is not there. So is it that they have gone wrong?please guide me to solve the rest of the problems also sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
