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!
Weighted Average Method - Work in Progress
While this method is employed, all costs of production are considered in assigning costs to inventory. The method puts together opening work in production inventory costs and cost of process. It mixes the costs of previous period along with those of recent period in determining costs per unit.
Beneath this method, equivalent units are calculated given as:
Equivalent Units = Units completed and Transferred + Ending work in progress inventory: (percent (%) completion)
Cost per Equivalent Unit = Previous Period costs + Current period costs
In beginning working process /Equivalent units of work done
Beneath weighted average approach, we do not differentiated the "units started and completed in the current period" from the 'units completed and transferred ' and the 'Ending working period'.
Determine the factors that distinguish profit calculated according to (a) marginal costing and (b) absorption costing principles.
Last in first out or LIFO LIFO is based upon the assumption such the stock purchased last is issued first. Stock valuation should here be based upon the prices ruling on acqui
priple of accounting
Relationship among management accounting and cost accounting Referring to CIMA's definition for cost accounting, we can determine cost accounting is a part of management accou
Importance of Variance Analysis Variance analysis is aimed at getting practical pointers to the purposes of off-the -standard performance hence management can improve operatio
If question (CA IPCC) is silent which method to follow: avg cost or fifo or lifo?
Assignment of Variance in Variance Calculation In variances calculating, the calculations require to be detailed sufficient hence the responsibility for the variance can be a
Morrow Company applies overhead based on direct labor hours. At the beginning of the year, Morrow estimates overhead to be $620,000, machine hours to be 180,000, and direct labor h
Amazing acrobatics performs acrobatics in stadiums around the world. The average show sells about 1,000 tickets at $60 per ticket. Each show requires a team of 45 highly trained sp
G. Mills was appointed a local agent for the High Power Mobile Workshop Bolt (HPMW-B) on 1 April 2009. The HPMW-B is manufactured by Mobile Equipment Ltd (MEL). The company charges
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