During the year ended 31st March, 2017 the profits of A Ltd. stood at ₹36,450 as per financial records. The company provides you the following information : Factory overheads under recovered in cost accounts: ₹2,500 Depr
CS Executive · Cost and Management Accounting · PYQS · June 2018
During the year ended 31st March, 2017 the profits of A Ltd. stood at ₹36,450 as per financial records. The company provides you the following information : Factory overheads under recovered in cost accounts: ₹2,500 Depreciation over-recovered in cost accounts: ₹1,500 Interest on investment not included in cost accounts: ₹5,000 The profit as per cost records would be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Cost and Management Accounting
Related Questions in this Topic
- The following data are given : Sales ₹ 15,00,000 Fixed Cost ₹ 4,00,000 P/V Ratio 40% The Profit is:
- Which of the following method is not used for segregating semi-variable costs into fixed and variable costs ?
- Which of the following is generally used as cost unit in cement industry?
- Actual overheads for the year ending 31st March, 2017 were ₹21,000, whereas the overhead absorbed shows an over absorpti...
- Which of the following is false in respect of Bills of materials ?