Tell us how can you define departmental accounting?
- 1 Answers
- 1126 Views
- I also Faced
- E-Mail Answers
Answer Posted / Vivek Bhardwaj
Departmental accounting refers to the practice of tracking and reporting financial transactions for individual departments within an organization. It helps in understanding the performance and costs of each department.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
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).
Tell us what kind of work environment do you prefer?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
can any one send me tally professional version link
There is no item category assigned to account
formula of reduction in tax credit of vat form 201(gujarat)
What qualities have you got that would make you a good accountant?
Have you ever made mis reports and what are they?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
How to get C forms in online? Plz give me Processor Thanq
what are your current financial and accounting projects? What is your role?
Do you use social media to identify prospects?
why i want to join Hawkins company
