For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

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Expand----------NZP

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fill in the Blanks Share Holders in Company have _____________Liability

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1)What will be the journal entry for these? a) Salary paid to Ganesh b)Sum of Rs 200 realized for sale of old furniture 2)Goods sold on credit for Rs 100

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Is Goodwill a Intangible or Fictitious Asset ?

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