leave it yaar!Not the dividend the issued preference shares the one which is at the top in the question
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leave it yaar!Not the dividend the issued preference shares the one which is at the top in the question
leave it yaar!
normal sales are those that are sold as routine, wont include sales return n clearance should be deductedCЯeScɘn in the inventory question y do they have a different thing called normal salles and u do they deduct the clearence sales return inwards frm the original sales value?
normal sales are those that are sold as routine, wont include sales return n clearance should be deducted
they included clearance SALES in normal sales so we duducted them to arrive at normal sales which have a profit element in them.Bt arent they including the clearence cost under cost of sales?
they included clearance SALES in normal sales so we duducted them to arrive at normal sales which have a profit element in them.
got it?
cus they were sold on costSo y do they have to add it back to cost of sales ?
cus they were sold on cost
we subtracted it from normal cost to get the cost of normal goods which were having a mark-up,but their cost will be included in cost of sales...
my pleasure sisOkay i got it sis
Jazakallah Khair
my pleasure sis
n good luck for tomorrow
Hw to find absorbed overhead?
Q3c.
Anyone
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s12_qp_22.pdf
Machining:
Overheads Absorbed = Actual Activity (Machine hours) * Overhead Absorption rate
$1345500 =195000 * $6.9
Assembly:
Overheads Absorbed = Actual Activity (Labour hours) * Overhead Absorption rate
$1335600 =318000 * $4.2
Thanks alot sis
No prob
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