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The purpose of cost accounting is -------involved in producing and selling a good or service.

The purpose of cost accounting is -------involved in producing and selling a good or service. Correct Answer to determine the costs

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Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
"It is now expected that the variable production cost per unit and the selling price per unit will each increase by 10%, and fixed production cost will rise by 25%. What will be the new break even point?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
The following are the conditions for selecting list of a suitable candidates to be called for interview after the written test for the recruitment is conducted/ organized for management-level persons of a multi-national company. For providing accounting services and sales the candidates must (a) be holding a graduation in basic science with 65% or above or B. E degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 years as on 1/4/18 (d) have experience in an accounting firms for three years and diploma in accounting with 60% or above marks (e) be presently drawing CTC of 6 Lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred as Junior Accountant 2) at (d) & (e) above then be referred as Trainee-Accountant Satisfying all the above with experience of 5 years then be referred as senior-Accountant Satisfying all the above criteria (a-e) with CA/ ICWA / MBA (Finance) then be refereed as manager (Accounts) Read all the above information and answer the following question Shravani has passed H. SC with 72% of marks. She has done diploma in accountancy with 62% of marks. She was working with an organization in the field of accounting in the field of accounting from 4 years and was drawing CTC of 6.5 Lakhs presently. She is 28yrs as on July 2018. She may referred for the position of:
The following are the conditions for selecting list of a suitable candidates to be called for interview after the written test for the recruitment is conducted/organized for management - level persons for a multi - national company. For providing accounting services and sales the candidate must (a) be holding a graduation in basic science with 65% or above or B.E. degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 years as on 1/4/18 (d) have experience in an accounting firms for three years and diploma in accounting with 60% or above marks (e)  be presently drawing CTC of 6 Lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred as Junior Accountant 2) at (d) & (e) above then be referred as Trainee - Accountant Satisfying all the above with experience of 5 years then the referred as senior-Accountant Satisfying all the above criteria (a - e) with CA/ICWA/MBA (Finance) then be referred as manager (Accounts) Read all the above information and answer the following question Praveen has done his Masters in physics. He has no experience in accounting neither diploma. He is ready to be on training for accounting after joining. For which position he may be referred
The following are the conditions for selecting list of a suitable candidates to be called for interview after the written test for the recruitment is conducted/ organized for management-level persons of a multi-national company. For providing accounting services and sales the candidate must (a) be holding a graduation in basic science with 65% or above or B.E degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 yrs as on 1/4/18 (d) have experience in an accounting firms for three yrs and diploma in accounting with 60% or above marks (e) be presently drawing CTC of 6 Lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred as Junior Accountant 2) at (d) & (e) above then be referred as Trainee-Accountant Satisfying all the above with experience of 5 yrs then be referred as senior-Accountant Satisfying all the above criteria (a-e) with CA/ ICWA/ MBA (Finance) then be refereed as manager (Accounts) Read all the above information and answer the following question: Radha Mohan has done her graduation in physics with 58% of marks. She has passed the written examination with 76% of marks. She is 27 yrs as on June 2018. She has the experience in the accounting company for four years with salary of 7 Lakhs per annum. She also has passed diploma in accounting with 61% of marks. She may be referred for the position of:
The following are the conditions for selecting a list of suitable candidates to be called for interview after the written test for the recruitment is conducted/ organized for management-level persons for a multi-national company. For providing accounting services and sales the candidate must (a) beholding graduation in basic science with 65% or above or B.E. degree with 55% and above marks (b) have passed the written test with 70% or above marks (c) the age must be in the group 25 to 30 years as on 1/4/18 (d) have experience in an accounting firm for three years and a diploma in accounting with 60% or above marks e) be presently drawing CTC 6 lakhs per annum and above In case the applicant who satisfies all other terms above except 1) at (a) above, then be referred to as Junior Accountant 2) at (d) & (e) above then be referred to as Trainee-Accountant Satisfying all the above with experience of 5 years then be referred to as senior-Accountant Satisfying all the above criteria (a-e) with CA/ICWA/MBA (Finance) then be referred to as manager (Accounts) Read all the above information and answer the following question   Praveen has done his Masters in physics. He has no experience in accounting neither diploma. He is ready to be on training for accounting after joining. For which position he may be referred.
Profit on selling 10 ceiling fans equal selling price of 3 coolers. While loss on selling 10 coolers equal selling price of 4 ceiling fans. Also profit percentage equals to the loss percentage and cost of a ceiling fan is half the cost of a cooler. What is the ratio of selling price of ceiling fan to the selling price of a cooler?
Profit on selling 10 candles equals selling price of 3 bulbs. While loss on selling 10 bulbs equal selling price of 4 candles. Also profit percentage equals to the loss percentage and cost of a candle is half of the cost of a bulb. What is the ratio of selling price of candles to the selling price of a bulb?
Seven chocolates, A, B, C, D, E, F and G, are bought at different costs between Rs. 40 and Rs. 50 (excluding both Rs. 40 and Rs. 50) but not necessarily in the same order. The cost of chocolate C is Rs. 5 less than that of chocolate E. The cost of chocolate A is a prime number. The cost of chocolate F is Rs. 2 more than that of chocolate A. The cost of chocolate F is more than that of chocolate E. The cost of chocolate D is an odd number. The cost of chocolate G is Rs. 3 more than the cost of chocolate D. None of the chocolates cost Rs. 44. The cost of chocolate B is an even number. What is the cost of chocolate E?
Out of 60 customers, 10 chose service 1 and 2, 15 chose service 2 and 3 and 5 chose service 1 and 3, 15 chose only service 2. 20 chose service 1, 35 chose service 2, and 30 chose service 3.  How many chose all the three services?