Topics
Cost Control Accounts
Contract Costing
- Introduction to Contract Costing
- Contract Costing
- Process of Contract Account
- Contract Costing Concept
- Work Certified
- Work Uncertified
- Progress Payments
- Retention Money
- Cost Plus Contract
- Contract Account
- Accounting for Material
- Accounting for Tax Deducted at Source by the Contractee
- Accounting for Plant Used in a Contract
- Treatment of Profit on Incomplete Contracts
- Contract Profit and Balance Sheet Entries
Process Costing
Introduction to Marginal Costing
- Introduction to Marginal Costing
- Advantages of Marginal Costing
- Disadvantages of Marginal Costing
- Application of Marginal Costing
- Marginal Cost
- Contribution
- Profit/Volume (P/V) Ratio
- Margin of Safety (Mos)
- Break-even Point
- Contribution Margin Technique
- Break-even Chart
- Profit Volume Graph
- Cost Volume Profit Analysis
Introduction to Standard Costing
Some Emerging Concepts of Cost Accounting
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Related QuestionsVIEW ALL [2]
The following information is obtained from ABC Ltd. and XYZ Ltd. in a year.
Particulars | ABC Ltd.(Rs.) | XYZ Ltd.(RS.) |
Sales | 3,00,000 | 3,00,000 |
(-) Variable Cost | 2,00,000 | 2,25,000 |
(- ) Fixed Cost | 50,000 | 25,000 |
Estimated Profit | 50,000 | 50,000 |
You are required to calculate for each company.
(i) Profit Volume Ratio and Break Even Point.
(ii) Margin of Safety.
The Directors of Steel Manufacturing Co. gives the following information.
Sales - (1,00,000 units) | (Rs.) 1,00,000 |
Variable Costs | (Rs.) 40,000 |
Fixed Costs | (Rs.) 50,000 |
(i) Find out PN Ratio, Break Even Point & Margin of Safety.
(ii) In case of 20% increase In Physical Sales Volume, calculate P/V Ratio, Break Even Point & Margin of Safety.
Related concepts
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