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Accounting / cost aacounting exam? |
When ever i go through an accounting / cost aacounting exam, i get confused, i get sweat all over my head & my solution goes wrong while solving problems..but when i come back home and try to solve the same problems, i do them with 100% accuracy and speed...WHAT CAN I DO TO SOLVE THIS PROBLEM ? You get what you expect. If you expect all that anxiety during the exam, that is exactly what is going to happen. The key is to change your expectation. Build your self-confidence, stay calm. Take it easy. It is one step at a time. Anybody can do that. You can do it. Believe in yourself. So instead of letting yourself get overwhelmed with the WHOLE exam, lookk at only ONE problem at a time. Do only that problem. Take it easy. Then move on to the next. |
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just make sure you always have a financial calculator to do these questions: we know the cost which is 25,000 which is the Present Value or PV in your calculator. So automatically Future Value ... When you credit a prepaid asset, it usually means you debit the expense - insurance expense used. ...So, what's the question? ...Let me try: Labor Variance = Rate variance + Efficiency variance Rate Variance = (Standard labor rate - Actual labor rate) x Actual Usage = [7 - (18,000/2,200)] x 2,200 = (7 x 2,200) - 18,0... It is true that majority of the expenditure that is being incurred today is a waste ..... It is not really economically productive expenditure.... What one needs to learn and earn through the... well from the word itself. cost accounting is more concern on the cost of producing products. Here is where the terms. raw materials,overhead and labor cost enters. and like the entries" cos... Try these pages ... 20000*30/100=6000 units ... |
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