Question 6 Answer any four of the following: (a) Describe Composite Cost unit as used in...
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Question 6 Answer any four of the following: (a) Describe Composite Cost unit as used in Service Costing and discuss the ways of computing it. (b) Journalise the following transactions in cost books under Non-Integrated system of Accounting. (1) Credit Purchase of Material 27,000 (i) Manufacturing overhead charged to Production 6,000 (iii) Selling and Distribution overheads recovered from Sales 4,000 (iv) Indirect wages incurred 78.000 (v) Material returned from production to stores 9,000 (c) Define Inventory Control and give its objectives. List down the basis to be adopted for Inventory Control. (d) Mention the Cost Unit of the following Industries: (i) Electricity (ii) Automobile (iii) Cement (iv) Steel (v) Gas (vi) Brick Making (vii) Coal Mining (viii) Engineering (ix) Professional Services (x) Hospital (e) Define Zero Base Budgeting and mention its various stages. (4 x 5 = 20 Marks) Question 6 Answer any four of the following: (a) Describe Composite Cost unit as used in Service Costing and discuss the ways of computing it. (b) Journalise the following transactions in cost books under Non-Integrated system of Accounting. (1) Credit Purchase of Material 27,000 (i) Manufacturing overhead charged to Production 6,000 (iii) Selling and Distribution overheads recovered from Sales 4,000 (iv) Indirect wages incurred 78.000 (v) Material returned from production to stores 9,000 (c) Define Inventory Control and give its objectives. List down the basis to be adopted for Inventory Control. (d) Mention the Cost Unit of the following Industries: (i) Electricity (ii) Automobile (iii) Cement (iv) Steel (v) Gas (vi) Brick Making (vii) Coal Mining (viii) Engineering (ix) Professional Services (x) Hospital (e) Define Zero Base Budgeting and mention its various stages. (4 x 5 = 20 Marks)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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