Qualification > Commerce
Accounting AS level doubt!
Dasith:
--- Quote from: mimiswift on May 24, 2011, 05:32:49 pm ---ur welcome again syeda
can someone pls pls explain costing chpters to me...pls pls pls.....im gonna die if i dont understand!...i did a qns on it and i got 2/30!
PLS HELP ME OUT
--- End quote ---
costing in marginal u take only the variable costs as varing factors with production FC is the same,Stock is values ON VC
In absorption ALL the costs involved in production vary , In valuing stock u take the full vale i.e VC + FC per unit
got it ?
Tohru Kyo Sohma:
???
im so lost......where did OAR go and what about job, batch and unit costs go and what about break-evens!
Dasith:
OAR is needed when aportioning the FC into units , u devide FC/by a choosen OAR base e.g Direct labour hrs
& calculate Total Fixed overheads for a given output
i.e OAR x Direct labour hrs(in example) x units
to get total Overheads.
Under/Over absorbtion is calculated by comparing the obtained value with Fixed Cost as given in question.
If FC > Calculated value its under absorbed
else Over absorbed ? get that?
Saavya:
Dasith are there any questions in the pastpapers about batch and job costing in the summer session ??
i dont think so i came over any :-\
mimi
you have to know the difference between continuous and specific order operations
learn also the characteristics and examples of job costing
and learn to explain the difference between job costing and batch costing
^ u should have them in your textbook, learn them
Dasith:
--- Quote from: Syeda S. Nasir on May 24, 2011, 06:07:01 pm ---Dasith are there any questions in the pastpapers about batch and job costing in the summer session ??
i dont think so i came over any :-\
mimi
you have to know the difference between continuous and specific order operations
learn also the characteristics and examples of job costing
and learn to explain the difference between job costing and batch costing
^ u should have them in your textbook, learn them
--- End quote ---
wat u mean by summer session ??
hmm but i saw some questons on batch & job costing in AS papers
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