Accountancy, asked by navukarasan2000, 5 months ago

With the following data for a 60% activity, prepare
a budget for production at 80% and 100% capacity
Production at 60 % capacity- 300 units
Materials Rs.100 per unit
Labour Rs.40 per unit
Expenses Rs. 10 per unit
Factory expenses Rs.40,000 (40 % fixed)
Administrative expenses Rs.30,000 (60 % fixed)

Answers

Answered by madheshkanna2020
0

Answer:

 

The accounting approach in which expected benefts exceed the expectedcosts is classifed as:Cost-beneft approach

Cost approachAccounting approachBeneft approach

One o the most important tools in cost planning is

Direct costCost sheet

Budget

 Marginal costing

A costing system is used in situation where single homogenous product isproduced

 Job order costing

Process costing

Absorption costingProduct costing

The main purpose o cost accounting is:

Maximize proftProvide inormation to management to make decision

Help in inventory valuationAid in the fixation of selling prices

hich o the ollowing is an e!ecti"e techni#ue o cost control

Budgetar control!niorm costing

Standard costing

 Marginal costing

A costing system is used in situation where single homogenous product isproduced

 Job order costing 

Process costing

Absorption costingProduct costing

$ a company wishes to establish a actory o"erhead budget system inwhich estimated cost can be deri"ed directly rom estimates o acti"ityle"el% it should prepare a:

 

Cash budgetMaster budget"ixed budget

&lexible budget'na"orable "ariances are the result o management use o:$deal standards

 #$cienc standards

Basic standardsAttainable standards

Calendar "ariance is a sub "ariance o 

#xpenditure variance

(olume "ariance

al #uantity o in"entory to beordered is called

#$cient order +uantit%ational order +uantit

*ptimized<

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