Business Management

Income StatementFor the year ended 31-03-2014ParticularsAmountTotalSales 25,00,000Less: Variable Cost:  Cost of goods manufactured12,00,000 Variable Selling Expenses3,00,000 Variable Administration Expenses50,000      15,50,000   Contribution 9,50,000Less: Fixed Cost:     Fixed…

‘Contribution’ is a fund that is equal to the selling price of a product less…

Features of marginal costing are as follows: ●      Marginal costing is used to know the impact…

Let us see why marginal costing is required: ●      Variable cost per unit remains constant; any…

Marginal cost is the change in the total cost when the quantity produced is incremented…

Cash budget comes under the category of financial budget. It is prepared to calculate budgeted…

Flexible budget provides logical comparison. The actual cost at the actual activity is compared with…

PointsFlexible BudgetFixed BudgetFlexibilityDue to its nature of flexibility, it may be quickly re-organized according to…

Our accounting is based on the assumption that a business unit is a going concern.…

Budgets can be categorized in various ways. Let us go through the types of budgets…