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Costing query
from the following compute a conservative estimate of profit by 4 methods on a contract which hs 80% cmplt : total exps rs. 850000 estimate further exps rs.170000 cont price rs.1530000 work certified rs.1000000 work not certified rs.85000 cash recd rs.816000. I dnt wann detailed calculatin i jst wann to knw whethr th ans is a.)125333 or b.)272000??????????????? thank u.....
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| Originally posted by : uma somani | ||
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from the following compute a conservative estimate of profit by 4 methods on a contract which hs 80% cmplt : total exps rs. 850000 estimate further exps rs.170000 cont price rs.1530000 work certified rs.1000000 work not certified rs.85000 cash recd rs.816000. I dnt wann detailed calculatin i jst wann to knw whethr th ans is a.)125333 or b.)272000??????????????? thank u..... |
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Most conservative Profit is 1,25,333.
.
[IPCC Nov 2012 Q.3(b), ICAI Suggested Answer]
Thnk u mr. Deepak gupta....bt here it is said tht v hv to compute frm estimate profit by appling 4 methods..nd by appling those 4 methods v get least profit rs.272000 dn why icai compute profit by appling notional profit....??????????????
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