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Is an "account receivable" and "goodwill" real accounts in accounting?
whether allowances will be included in calculating esi from gross salary
Types of errors in account
Explain which accounting application you prefer most and why?
What is meant by partitioning?
Tell me do you possess any knowledge about accounting standards?
Do you know overhead in terms of accounting?
Other accounting interview questions to expect when you interview for an accountancy job include:
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Entries to revenues accounts such as service revenues are usually?
BRIEF IN DETAIL REGARDING RATIOS
What does the investment of personal assets by the owner will do?
Differentiate between consignor and consignee?
Tell us do you have any professional experience of this field?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
