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Manufacturing Costs

Excellent commerce point > Manufacturing Costs
Process and Operation Costing
07
Jun

Process and Operation Costing Question 1.Explain the “Equivalent Production.” [CA Inter Nov. 2013, 4 Marks]Answer:Equivalent Production:When opening and closing stocks of work-in-process exist, unit costs cannot be computed by simply dividing the total cost by total number of units still in process. We can convert the work-in-process units into finished units called equivalent production units […]

Posted in: ca intermediate notes ,
Tags: Accounting Education , ca foundation , cma foundation , Cost Accounting , Costing Techniques , ECP Commerce Coaching. , Manufacturing Costs , Mass Production Costing , Operation Costing , Process Costing ,
Job and Contract Costing ​
07
Jun

Job and Contract Costing Question 1.What Is meant by Job Costing? Give example of (any four) industries where it is used. [CA Inter May 2001, Nov. 2016, 4 Marks]Answer:Job costing is the category of basic costing methods which is applicable where the work consists of separate contracts, jobs or batches, each of which is authorised […]

Posted in: ca intermediate notes ,
Tags: Accounting for Jobs , Cost Accounting , Cost Allocation , Cost Control Methods , Cost Tracking , Customized Production , Direct Costing , Job Cost Sheet , Job Costing , Job Order Costing , Manufacturing Costs , Project Costing ,
Overheads: Absorption Costing Method
03
Jun

Overheads: Absorption Costing Method – CA Inter Costing Question Bank Question 1.Distinguish between Fixed overheads and Variable overheads. (May 2010, 2 marks)Answer:Fixed Overheads Vs. Variable OverheadsFixed overheads are not affected by any variation in the volume of activity, e.g., managerial remuneration, rent etc. These remain the same from one period to another except when they […]

Posted in: ca intermediate notes ,
Tags: Absorption Costing , Accounting Methods , Cost Accounting , Cost Control , Full Costing , Indirect Costs , Manufacturing Costs , Overhead Allocation , Overheads , Product Costing ,