Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Implementation of Re-Apportionment of Overheads
The re-apportionment of service department costs may be implemented in a number of methods.
The Two extremes are as
a) Where costs of each service department are only charged to production centers administration; distribution and selling centers are not charged along with the cost of the service departments are they not production centres. This is referred to like the Direct Method
Where the reciprocal nature of service costs is totally recognized; which is service departments serve each other. This type of approach may be implemented utilizing two methods as:
i. The repeated distribution method
ii. Utilizing an algebraic approach
b) A compromise method or elimination method may be utilized where with the costs of each service cost centers are reapportioned in turn. The costs of the first service center will be re-apportioned to each user centers involving other service centers. However the first service center is then removed from any further reapportionment. The cost of the second service center involving any costs already reapportioned from the first service center are after that reapportioned to all user centers other than the first service center. The process is continued till all service centers are removed.
MARGINAL COSTING Vs DIRECT COSTING Direct costing is the method where only direct costs are measured while calculating the cost of the product. Indirect costs are met in opposi
Distinction between Absorption and Marginal Costing These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference
Product and period costs; CGM; CGS On August 1, 2013, Sietens Corporation had the following account balances: Raw Material Inventory (both direct and indirect) :- $ 72,000 WIP Inve
Factors affect Decision Making These decisions need consideration of factors as like A. The level of market possible to be available in future B. The strategy that compe
according to a factory cost ledger, job no 51 has incurred the following costs: direct material - 30
Changes in Variable Cost and Selling Price per Unit The contribution sales ratio is affected by any change in variable cost or selling price per unit. This ratio is a mea
Ask q6) The Net Sales revenue reported is derived from the sale of products. Each year Findley records from cash sells, sells on account and completed purchase orders. During 2016
A soft drink maker wants to expand into a neighboring country. They want the product bottled in that country to avoid political issues and to enhance the local image of the produc
Expenses are usually recorded only while they are paid. The failure to record unpaid expenses in the accounts outcomes in an understatement of which expense and also an understatem
Extracts from P Co''s records for last month are as follows: BUDGET ACTUAL PRODUCTION 7,000 UNITS 7,200 UNITS Direct Material $42,000 $42,912 Calculate
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd