……………………provides information for income determination.

Related MCQs

• The determination of EBQ is influenced by the following factors:
• Cost accounting provides detailed information about …………………of various products, processes, services and operations.
• ……………………….Accounting provides information for cost control.
• Cost accounting provides data for managerial…………….
• Taylors differential piece rate system provides for higher rate to …….workers.
• These accounts are obligatory to be prepared according to the legal requirements of Companies Act and Income Tax Act.
• Which of the information below should be contained in a budget manual?
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• ABC Ltd. has furnished the following information for 4,000 units of product for the year 2014-2015 : Particulars Rs. Direct materials 2,50,000 Direct labour 2,00,000 Manufacturing overheads 2,80,000 (40 % fixed) Selling and administrative overheads 2,70,000 (30 % fixed) The total cost of 4,380 unit is