Solve your IGNOU Doubts
Solve your IGNOU Doubts
Question:

10 A transport company runs buses at two places A and B. From following particulars calculate (a) Total kilometers (b) Total passenger kilometers for both places.

  A B
Number of buses 4 5
Days operated in a month 30 25
Trip made by each bus 4 4
Distance of route (one way) 30 kilometers 25 kilometers
Capacity of bus 60 passengers 50 passengers
Normal passengers travelling 80% of capacity 90% of capacity
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Question:

What do you mean by 'Equivalent Production'?

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Question:

Explain the various methods of accounting for by - products.

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Question:

State the main characteristics of process costing and outline the costing procedure thereof.

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Question:

State how you would ascertain the actual profit on an incomplete contract. How far such profit is taken to Profit and Loss Account.

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Question:

In 2023, the factory received an order for a number of jobs. It was estimated that direct materials required would be for Rs. 1,20,000 and direct labour would cost Rs. 75,000. What should be the price for these jobs if factory intends to earn the same rate of profit on sales as in 2023, assuming that the selling and distribution overheads had gone up by 15%? The factory recovers factory overheads as a percentage of direct wages and administration and selling and distribution overheads as a percentage of works cost.

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Question:

Prepare a Job Cost Sheet indicating the Prime Cost, Works Cost, Cost of Production, Cost of Sales and Sales Value.

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Question:

A factory uses job costing. The following data is obtained from its books for the year ended 31 December, 2023;

Rs.   Rs.
Direct Materials Selling and Distribution Overheads 52,500
Direct Wages Administration Overheads 42,000
Profit Factory Overheads 45,000
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Question:

Explain the computation of machine hour rate with the help of an example.

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Question:

What are the different methods of incentives? Discuss any one of the systems of bonus or premium which you consider as effective.

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Question:

What do you understand by ABC analysis? How is the control of stores items effected through ABC analysis?

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Question:

State the importance of costing in a modern economy.

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Question:

Writing a Curriculum Vitae

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Question:

Disinvestment

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Question:

Press Advertisements

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Question:

Banking Letters

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Question:

Accounts Payable and Accounts Receivable

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Question:

Adjournment and Postponement

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Question:

Publicity and Public Relations

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Question:

Formal and Informal Channels

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