Explain what is bad debt expense?
- 0 Answers
- 3490 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
why do we prepare balance sheet as on a particular date and not for a year?
What is the use of form D in sale tax
How to charged TDS on salary and How many charged percentage?
DIFFERNCE BETWEEN RESERVE AND FUND?
in Tally what is cost cenre,cost categori and why we need to prepare them
What is budget variance analysis?
Tell me what does the standard journal entry includes?
we can transfer stock between two firms with same name but prop. is different.
how to deduct tds on income from other sources with examples
How is an accounting department structured?
I want to be an accountant so what so i do for been a good accountant...please tell me as soon as possible
1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.
Audit 
