Illustration 1 1) From the following data, calculate Break-even Point ( B∈P) Selling Price Per Unit `40/- Variable Cost Per Unit `30/- Fixed overheads `40,000. If sales are 20% above B∈P , calculate the net profit. ANS: 1) P/V Ratio = Contribution X 100 … Read more
MARGINAL COSTING AND ABSORPTION COSTING Formula Contribution Sale Profit –Volume (P/V) Ratio Breakeven Point: Margin of safety: 1) Contribution Contribution= Sales-Variable cost Or Contribution= F+P Contribution= Sales X PV Ratio 2) Sale Sales = Variable Cost + Contribution Sales = Contribution PV Ratio … Read more
ADVANCE COST ACCOUNTING 1. In case of steam company, the cost per unit is calculated on the basis of (a) Total quantity of lbs. produced (b) Total quantity of kwh. generated (c) Total quantity of tones produced. ANS. A 2. Materials Requisition Note (a) Authorizes and records the issue of materials for … Read more
T.Y.B.COM Other Subject MCQ Financial Accounting https://www.surajpateleducation.com/2021/03/tybcom-financial-accounting-mcq-with.html Marketing Research https://www.surajpateleducation.com/2021/01/marketing-research-tybcom-mcq-pdf.html Human resource management https://www.surajpateleducation.com/2020/12/human-resource-management-tybcom-mcq.html Cost Accounting https://www.surajpateleducation.com/2020/12/cost-accounting-tybcom-mcq-pdf.html Business Economics https://www.surajpateleducation.com/2020/12/business-economics-tybcom-mcq-pdf.html commerce https://www.surajpateleducation.com/2020/12/commerce-questions-and-answers-mcq-pdf.html 1. According to ICMA London, _______costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.” a. Job b. … Read more