Hello aspirant,

Here is the answer to your question.

Marginal costing shows that the meaning of profit gets changed, but here profit means contribution.

Hence, Selling Price= 10 per unit-Variable Cost=6 per unit contribution which is equal to 4 per unit total contribution= 4 per unit * 100000 units= 4 lakhs

So, final profit= 4 lakhs - 2 lakhs (Fixed Cost= 2 lakhs.

Hope, it helps you.

Hello,

The cost flows in a process costing system are similar to the cost flows in a job costing system. The primary difference between the two costing methods is that a process costing system assigns product costs—direct materials, direct labor, and manufacturing overhead—to each production department (or process) rather than to each job. Each production department has its own work-in-process inventory account when using process costing.

Hey there,

if you wish you to pursue medical from a private college then here are a list of top 10 cheapest medical colleges in India :

1. Terna medical college, Navi Mumbai

Terna medical college is a private college in Navi Mumbai, Maharashtra. It has 100 seats for the undergraduate course in MMBS.

This college is affiliated to the University of Mumbai.

Eligibility :

Candidate should not have scored less than 50% in 10+2 in PCB.

Admission is based on the Maharashtra – CET.

Fees :

Total fees for MBBS is Rs 30,94,350/-

2. CCM medical college, Durg

CCM Medical College is the first private, self-funded College, started in the year 2013,  has earned permission from Medical Council of India as a Medical College.

It is affiliated to Pt. Deendayal Upadhyay Memorial Health Sciences and the Ayush University of Chhattisgarh.

Eligibility :

• Candidate can apply to the college through their NEET UG Medical Scorecard.
• Admission Seekers must full fill all the required eligibility criteria made under the admission Guidelines.
• Admission through the National level exam NEET UG programme or CGPMT entrance test.

• Fees :

  Between Rs 40,00,000 to Rs 45,00,000

  ---

  3.  Raipur Institute of Medical Sciences,  Raipur

  RIMS in Raipur was established in 2012. RIMS is dedicated to delivering world-class healthcare facilities and preparing the new age medical practitioners. With the mission of “Health for All,” RIMS is expanding its horizon for bringing healthcare facilities, which is within reach of every citizen.

  Eligibility :

  • Candidate can apply to the college through their NEET UG Medical Scorecard.
  • Admission Seekers must full fill all the required eligibility criteria made under the admission Guidelines.
  • Admission through the National level exam NEET UG programme.
  • Aspirants can also take admission through CGPMT State Entrance Test.

  • Fees :

    Rs 25,52,500 in total.

    ---

    4. Kempegowda Institute of Medical Sciences, Bangalore

    KIMS in Raipur was established in the year of 1980 by the Vokkaligara Sangh. Kempegowda considered among the best medical institutes in Karnataka.

    Eligibility :

    • One can apply to the college through their MBBS NEET Medical Entrance Exam Scorecard.
    • Applying must full fill all the required eligibility criteria made under the admission Guidelines.

  • Fees :

    Rs 1,14,600 annually.

• 5. Sri Aurobindo Medical College Indore

  SAIMS in Indore is one of the popular medical institutes was founded in the year 2003. The institute is affiliated to Devi Ahilya Vishwa Vidyalaya recognized by Medical Council of India.

  Eligibility :

  • Admission Seekers must fulfill their MBBS NEET Medical Entrance Exam Scorecard.
  • Admission Seekers must full fill all the required eligibility criteria made under the admission Guidelines.

• Fees :

  Rs. 6,35,600 annually.

6. MS Ramaiah Medical College

• MS Ramaiah Medical College in Bangalore is one of the prestigious medical colleges of India was founded in the year 1979 by the Gokula Education Foundation and started by Sri M.S. Ramaiah.

  Eligibility :

  • One can apply to the college through their MBBS NEET Medical Entrance Exam Scorecard.
  • Applying must full fill all the required eligibility criteria made under the admission Guidelines.

• Fees :

  Rs 7,77,500 annually

  ---

  7.  Christian Medical College

  Christian Medical College in Vellore is a private, minority-run educational and research institute.

  It was established in 1900.

  Eligibility :

  Admission is based on the exam of NEET.

  Fees :

  Rs 1,67,00 per year

  ---

  8. Kasturba Medical College

  Kasturba Medical College in Manipal is a private university in the year 1953. It is a college of Manipal Education of Higher Education.

  Eligibility :

  Candidates should have a passed 10+2 or equivalent with Physics, Chemistry, Biotechnology/ Biology and English as subjects from any board recognized board.

  • Candidate should have secured a minimum of 50% aggregate marks in Physics, Biology/ Biotechnology & Chemistry.

• Candidates should have cleared All India Manipal University Online Entrance Test (MU-OET).

  Fees :

  Rs 50,00,000 in total.

  ---

  9. Jawaharlal Nehru Medical College

  It is one of the oldest medical colleges in Karnataka state was founded in the year 1963. JNMC Belgaun was earlier affiliated to the state unitary Rajiv Gandhi University of Health Science and approved by the medical council of India (MCI) with 200 MBBS seat.

  Eligibility :

  • One can apply to the college through their MBBS NEET Medical Entrance Exam Scorecard.
  • Applying must full fill all the required eligibility criteria made under the admission Guidelines.

• Fees :

  Rs 7,29,818 annually.

  ---

  10. Maharaja Agrasen Medical College

  MAAC in Agroha was established in the year 1988.  The college provides world-class healthcare facilities and medical education with the help of well qualified and devoted doctors, nurses and teaching staff.

  Eligibility :

  Admission ProcedureOne can apply to the college through their NEET Scorecard conducted by Central Board of Secondary Education (CBSE). Applying candidate must full fill all the required eligibility criteria made under NEET Guidelines.

  Fees :

  Rs 2,51,820 annually

Hello Aspirant,

Costing course is a course which involves the study of cost, budget and profitability etc. In India the course is regulated by The Institute of Cost Accountants of India . The entry level course is  called foundation exams. Later the course is divided into 4 groups, 2 each in Intermediate and final. The Exams are held two times in a year i.e. in June and December.

Please visit the following link for complete details:

https://icmai.in/upload/Institute/Updates_Archives/Career-Cost-Accountant-Course.pdf

Good Luck

Hi Sanjay

Costing is any framework for doling out expenses to a component of a business. Costing is commonly used to create costs for any or the majority of the accompanying:

• Clients
• Appropriation channels
• Workers
• Geographic districts
• Items
• Product offerings
• Procedures
• Auxiliaries
• Whole organizations

Costing may include just the task of variable costs, which are those costs that fluctuate with some type of movement, (for example, deals or the quantity of representatives). This kind of costing is called direct costing. For instance, the expense of materials fluctuates with the quantity of units delivered, as is a variable expense.

Costing can likewise incorporate the task of fixed costs, which are those costs that stay the equivalent, regardless of the degree of action. This kind of costing is called ingestion costing. Instances of fixed expenses are lease , protection, and property charges.

Costing is utilized for two purposes:

Interior detailing. The board uses costing to find out about the expense of activities, with the goal that it can take a shot at refining tasks to improve benefit. This data can likewise be utilized as the reason at creating item costs.

Outer revealing. The different bookkeeping systems necessitate that expenses be allotted to the stock recorded in an organization's accounting report toward the part of the arrangement time frame. This requires the utilization of a cost allotment framework, reliably applied.

Roundabout expenses are costs that are not legitimately responsible to a cost item, (for example, a specific venture, office, capacity or item). Roundabout expenses might be either fixed or variable. Circuitous expenses incorporate organization, work force and security costs. These are those costs which are not straightforwardly identified with creation. Some backhanded expenses might be overhead. Yet, some overhead expenses can be straightforwardly credited to a task and are immediate expenses.

There are two kinds of aberrant expenses. One are the fixed roundabout costs which contains exercises or costs that are fixed for a specific undertaking or organization like transportation of work to the working site, building brief streets, and so on. The other are repeating circuitous costs which contains exercises that rehash for a specific organization like upkeep of records or installment of pay rates.

Expenses normally charged straightforwardly

• Pay/compensation
• Advisors
• Materials
• Apparatuses
• Transport
• Work
• Direct materials
• PPC

Any sort of subcontract which is inferable from direct works however the particular organization doesn't have the required aptitude

All the Best