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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