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Short Answer on _________Cost Accounting
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Answer / sindujaramkumar
cost accounting relates to collection, classification and
ascertainment of cost with cost center and cost unit
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / satyaki_raju@yahoo.co.in
It is the part of accounting which is concerned with the
accumulation and assignment of historical cost to units of
products and their departments.The main aim is to ascertain
the cost of unit produced and sold, the services rendered
by the business unit with a view to control over the costs
to assess the profitability and efficiency of the business
unit
| Is This Answer Correct ? | 3 Yes | 1 No |
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
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