Discussion on service tax ca final - can anyone join now? - Students

Discussion on service tax ca final - can anyone join now?

Page no : 7

(Guest)

cost control and cost reduction cant be same one is cost controling whilce other is cost rdeiucon

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Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

Cost reducing: Making the cost low of the product

Cost controlling: removing unrelated cost

(Guest)

what is buget cost and stard cot

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

budgeted cost is that what we planned.

Standard cost is the cost that theoritacally and out of many experiments came to a conclusions by the financial experts that this much of input will give this much of output and for this much cost may be incurred

(Guest)

how varible cost can be useful in transfer pricing

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(Guest)

let us discuss income tax

DEEPA VYAS (CA ) (2039 Points)
Replied 18 September 2012

can anyone doing DT...I studied it once but m not getting how to revise it....everytime I open d books I felt I forgot everything......

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

In cost based transfer pricing there are two types

1. Actual cost method : Under this output of one division can be transfered to another divison at actual cost so that fixed cost is recovered.

2. Variable cost method tranferor will transfer their output at VC. This method is attractive to the bying division but not for sellign division. When there is idle capacity in the sellign divsion this method is used

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

ok let us dicuss income tax which chapter

(Guest)

how price is detrmind when there is a pur competion whethe varible cost is only concept in costing and how cross functional decsion are taken in costing and in managemnt