Accounts Knowledge Hub

Finance, Taxation and All Statutory Information For Everyone

Finance, Taxation and All Statutory Information For Everyone

Budgetary Control Formula and Standard Costing

[wp_ad_camp_1] Control Ratios: Activity Ratio = Standard Hours for Actual Production ÷ Budgeted Hours x 100 Capacity Ratio = Actual

1. Cost of Abnormal Wastage = Normal cost ÷ Normal output x Abnormal Wastage inn units 2. Cost of Abnormal

[wp_ad_camp_1] Profit to be taken to Profit & Loss in case of Incomplete Contracts. 1. When the work certified is

Economic batch Quantity: 1. EOQ = √ 2AB / CS A = Annual consumption in units B = Buying

[wp_ad_camp_1] Factory Overhead Rate: (i) Direct Material Cost Method =Amount of Factory Overheads ÷ Cost of Direct materials used x

Maximum Level Maximum Level = Re-order level + Re-order quantity – (Minimum consumption x Minimum Re-order

What is e filing? E filing is a facility for the electronic filing of Service tax returns by the assesse

Chartered Accountancy course is treated as one of the toughest course because 3 d is required. Dedication, Devotion, and Determination..

Our society is changing. Nuclear families are the norm. Inflation is high and hence money needed to fund the retirement

Establishments employing 20 or more persons and engaged in any of the 180 industries / Classes of Businesses specified.Co-operative Societies,