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]
Ruby Industries Ltd. furnish the following information for the year 2018.
| Sales | (Rs.) 2,00,000 |
| Variable Cost | (Rs.) 1,00,000 |
| Fixed Cost | (Rs.) 50,000 |
(1) Find: PN Ratio, BEP (Sales) and Margin of Safety.
(2) Calculate the effect of the following :
(a) 10% increase in Selling:Price,
(b) 5% Decrease in Variable Cost, and
( c) 10% Decrease in Fixed Cost.
A company has 3 alternative choices of Product Mix. It produces 2 Products, A and B. It can produce either: (a) 200 units of A and 400 units of B, (b) 300 units of A and 300 units of B, (c) 400 units of A and 200 units of B.
Other details:
| A(Rs.) | A(Rs.) | |
| (1) Selling Price | 400 | 300 |
| (2) Variable Cost | 320 | 240 |
| (3) Fixed Cost | (Rs.)16,000 | |
You have to decide the best profitable mix.
Related concepts
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