Short Answer on _____________Accident Insurance

1730

The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

2076

Explain the concept of responsibility accounting

968

we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

3376

what is encumbrance?

330

Who will be called as consignee

2057

Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?

1901

what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?

2478

how an accountant can do budgetery controls of expenses?

2092

Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?

2506

Difference between depreciation according to cost principle and matching principle

2014

Expand-------CSNA

1974

What is the fictitious assets?

1063

What was your most rewarding accomplishment of your career and why

3326

What is use of statistics in accounting?

1031