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Calculate Savannah’s income tax payable for tax year 2019-20
You are required to explain what is meant by cost allocation costs apportionment and absorption and to describe briefly the alternatives approach of activity-based costing in order to ascertain total product costs.
. Rate per hour = Rs.1.50 per hour Time allowed for job = 20 hours. Time taken = 15 hours
The total earnings of the worker under the Halsey Plan _____26.25 b. 30.00 c. 22.50 d. 26.52
b. Calculate Stock Turnover Ratio: Annual sales = Rs. 2,00,000 Gross Profit = 20% on cost of
Goods Sold. Opening stock = Rs. 38,500 Closing stock = Rs. 41,500.
a) 4.00 b) 4.50 c) 4.17 d) none
c. XYZ Co. Ltd. is having 400 workers at the beginning of the year and 500 workers at the end
of the year. During the year 20 workers were discharged and 15 workers left the company. The
Labour Turnover under ‘separation method’ is___A.22.20% B. 7.78% C. 4.00% D. 14.40%
d. A company maintains a margin of safety of 25% on its current sales and earns a profit of 30
lakhs per annum. If the company has a p/v ratio of 40%, its current sales amount to
A) 200 lakhs B) 300 lakhs C) 325 lakhs D). None of the above.
A. The Write Checks window
B. The Salary window
C. The Liabilities window
Explain why the answer is correct.
a.)
Differentiate between Income Statement and Balance Sheet.What are the factors that make them Successful
b)
In its simplest form, your balance sheet can be divided into two categories: assets and liabilities. Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. Distinguishing between Assets and Liabilities.
