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- February 10, 2017 at 5:05 am #371817
I have got a doubt in the same question. Component 2 section. In arriving at cost per unit they have multiplied .25 *5 * (100/98) I understand they are taking into account of waste. But why multiply the wasted material. I dont get the logic
November 18, 2016 at 3:24 pm #349840If i pay my taxes for the year it should only appear as an expense right
November 16, 2016 at 3:33 pm #349283Thanks a ton Mike
October 22, 2016 at 10:34 am #345557so it should be valued at nrv right
October 17, 2016 at 7:48 am #343905Is there any major differences in reporting rules of single fs and group fs
October 13, 2016 at 3:38 pm #343200Okay.
Regarding EV, I saw a limitation that its a long term average. What does that mean
October 4, 2016 at 9:45 am #342359Thanks Ken
October 1, 2016 at 12:21 pm #342164Yeah Mike. Thank you
September 25, 2016 at 5:52 am #341616okay so how does unit cost fall in growth stage.. i dont get that idea
September 24, 2016 at 4:58 pm #341579Also is lifecycle costing like an internal tool ? or is it actually used instead of say target costing or abc costing
September 20, 2016 at 3:25 am #340982We have to adjust for under or over absorption in the absorption costing profit statement. I dont understand why they have to include Absorbed OH in the Cost of Sales again even after they have adjusted for Under absorption. Its effectively double counting right ?
September 20, 2016 at 3:21 am #340981I have watched them sir.
September 19, 2016 at 12:57 pm #340920Also in a question of finiding absorption costing profit, they have included absorbed oh as an item in the COS and again adjusted under absorption.. why is it so
September 19, 2016 at 12:24 pm #340918What if Variable OH is given for may be a 1000 units and Fixed OH of 1000 units is also given ?
September 1, 2016 at 5:24 am #336670Okay Mike Thanks
August 30, 2016 at 9:57 am #336199How do you decide if a subsidiary is material to group ? For account balances and transactions we use benchmarks. What about subsidiary as a whole ?
August 29, 2016 at 1:16 pm #335961Sorry i didnt pay heed to the word credited.. Thanks Mike
August 29, 2016 at 11:41 am #335942For asset held at cost, impairment will be charged to P/L right ? I didnt undertsand #1
August 8, 2016 at 8:23 am #331908Thank you.
Another query :
Agree the balance as per bank statement to original year end bank statement.. So there are two bank statements ??
Agree teh reconciliations as per cash book to original year end cash book..
I dont understand this mention of Original year end ???
August 5, 2016 at 8:01 am #331560Okay. so as in instead of creating a provision this year for say bad debt , they do it next year thus increasing current years provision due to understatement
August 4, 2016 at 1:03 pm #331406Another query , when an asset is disposed off , what change happen to dep policy. i saw it as an audit risk , that the dep policy might not have changed
June 16, 2016 at 10:35 am #323148I understand it now. I should have subtracted it to arrive at COGS. Sorry to post this without thinking with patience. Thanks
June 16, 2016 at 10:31 am #323147i understand that to find cogs = selling price / 1.5 is right.
i saw somewhere an application 50 / 150 or 150/50 to find it.. i am confused now
June 16, 2016 at 10:17 am #323146i mean if there is a mark up of 50% how to convert sales to cost of goods sold ?
June 16, 2016 at 3:05 am #323126Sorry yeah. I now realise it. So is there any way to convert sales to cost of goods sold ?
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