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B.COM
Indian Financial System Important Questions
A financial system (within the scope of finance) is a system that allows the exchange of funds between lenders, investors, and borrowers. Financial systems operate at national and global levels. They consist of complex, closely related…
Which is the easiest way to learn IFRS?
Meaning of IFRS
IFRSanis a International Financial Reporting Standard issued by International Accounting Standard Board (IASB) which is applicable on certain specific companies or entities specified by IASB. The standards is not merely…
BANGALORE UNIVERSITY B.COM 2ND SEMESTER QUESTION PAPERS
2nd SemesterB.Com. stands for Bachelor of Commerce. It is a 3 years long Graduation program. Usually, it is Commerce stream students who choose this course after 12th standard schooling. But technically, even Science as well as Arts…
Determination of Economic Batch Quantity
2.8.4 Determination of Economic Batch Quantity
The cost per unit decreases with the increase in the size of the batch on account of
economies of large scale production. If the industry increases the size of the batch
enormously, it might…
Advantages and Disadvantages of Job costing
2.8.2 Advantages
The following are the advantages of batch costing:
1) It ensures optimum capital investment
2) It ensures optimum cost of production per unit
3) It is very suitable to small sized industrial units
4) It enables…
Batch Costing-Meaning and definition
2.8 Batch Costing
2.8.1 Meaning and definition
2.8.1. Meaning
Batch costing is a variant of Job Costing. This method is applicable under the
following situations: production is done in lots/batches containing a certain number
of units.…
Advantages and disadvantages of Job Costing
2.7 Advantages and disadvantages of Job Costing
2.7.1 Advantages of Job Costing
1) Costs of jobs can be calculated in advance and this helps in quoting prices.
2) Different costs such as material, labour and overheads can be analyzed and…
Applications of Job costing
2.6 Applications
Job costing is a method that enables an industry to pre-determine the cost, add the
required profit and quote the selling price before manufacturing.Job costing is applicable in the following industries:
1) Machine…
Objectives of Job costing
2.5 Objectives
1) To calculate the cost and profit/loss in terms of every job or order and enable
the management to take appropriate decisions based on the judgement of each
job’s profitability.
2) To value the work-in-progress of each…