U Can Career Academy

30/01/2019

23/01/2019

Everyone wants success, but it only follows those who make a true approach to get it. You know the hard work and dedication has a destination which is success. Best of luck for your future and congratulation for clearing CPT with fantastic marks

Varad kulkarni- 122
Omkar korde- 113
Ajinkya salunke-100
Dhruv Solanki - 100

26/07/2018

Rockstars of U Can Career Academy

25/07/2018

Proud to announce that Bhavna Agrawal has secured 21st rank in All India merit list & Marathwada topper..

25/07/2018

Best results ever of CS foundation... Jalna topper from our academy....we have once again proved that the hard work and dedication always pays!!!!
We are proud to announce that Bhavna Agrawal of our academy is AlR 21
Proud of you guyzzz
Congratulations to my rock stars👍🏻👍🏻

26/05/2018

May many doors open now you've successfully cleared your'e 12th. You should go far! congratulations to 12th CBSE student
!! accounting marks !!
keshav mor - 95 marks ( 1st)
sarthak - 95 marks.
garima- 88 marks.
lav bhartiya- 84 marks.
vishwas kawrani- 70 marks.
congratulations from U CAN CAREER ACADEMY. toppers of the school from our academy......Proud of u guyzzzz.

21/02/2018

Congratulations krishna gaud on clearing cs foundation from u can career academy with an excellent score of 246....

17/01/2018

May today's success be the beginning of tomorrow's achievements. Congratulations to...
Sakshi loya - 123
Salooni Agrawal- 100

For clearing CPT from u can career academy...!!

03/09/2017

Ban this -_-

30/08/2017

MATERIAL FORMULAE

1) Reorder level = Maximum usage * Maximum lead time
(Or) Minimum level + (Average usage * Average Lead time)

2) Minimum level = Reorder level – (Average usage * Average lead time)

3) Maximum level = Reorder level + Reorder quantity – (Minimum usage *
Minimum lead time)

4) Average level = Minimum level +Maximum level (or)
2
Minimum level + ½ Reorder quantity

5) Danger level (or) safety stock level
=Minimum usage * Minimum lead time (preferred)
(or) Average usage * Average lead time
(or) Average usage * Lead time for emergency purposes

6) EOQ (Economic Order Quantity - Wilson’s Formula) = √2AO/C
Where A = Annual usage units
O = Ordering cost per unit
C = Annual carrying cost of one unit
i.e. Carrying cast % * Carrying cost of unit

7) Associated cost = Buying cost pa + Carrying cost pa

8) Under EOQ Buying cost = Carrying cost

9) Carrying Cost = Average inventory * Carrying cost per unit pa * Carrying cost %
(Or) Average Inventory * Carrying cost per order pa

10) Average inventory = EOQ/2

11) Buying cost = Number of Orders * ordering cost

12) Number of Orders = Annual Demand / EOQ

13) Inventory Turnover (T.O) Ratio = Material consumed
Average Inventory

14) Inventory T.O Period = 365 .
Inventory Turn over Ratio
15) safety stock = Annual Demand *(Maximum lead time - Average lead time)
365
16) Total Inventory cost = Ordering cost + Carrying cost of inventory +Purchase cost

17) Input Output Ratio = Quantity of input of material to production
Standard material content of actual output

Remarks :-

1) High Inventory T.O Ratio indicates that the material in the question is fast moving

2) Low Inventory T.O Ratio indicates over investment and locking up of working
Capital in inventories

Pricing of material Issues:-

1) Cost price method:-
a) Specific price method
b) First in First Out method (FIFO)
c) Last in First Out method (LIFO)
d) Base stock method

2) Average price method:-

a) Simple average price method = Total unit price
Total No. of purchases

b) Weighted average price method = Total cost
Total No. of units

c) Periodic simple average price method = Total unit price of certain period
Total Number of purchases of that period (This rate is used for all issues for that period. Period means a month (or) week (or) year)

d) Periodic weighted average price method = Total cost of certain period
Total Number of units of that period
e) Moving simple average price method
= Total of periodic simple average of certain number of periods
Number of periods

f) Moving weighted average price method
= Total of periodic weighted average of certain number of periods
Number of periods

3) Market price method:-

a) Replacement price method = Issues are valued as if it was purchased now at
current market price
b) Realizable price method = Issues are valued at price if it is sold now

4) Notional price method:-

a) Standard price method = Materials are priced at pre determined rate (or)
Standard rate

b) Inflated price method = The issue price is inflated to cover the losses incurred
due to natural(or)climatic losses

5) Re use price method = When materials are returned (or) rejected it is valued at
different price. There is no final procedure for this method.

ABC Analysis (or) Pareto Analysis :- In this materials are categorized into

Particulars Quantity Value
“A” – Important material 10% 70%
“B” – Neither important nor unimportant 20% 20%
“C” – UN Important 70% 10%

Note:-

1) Material received as replacement from supplier is treated as fresh supply

2) If any material is returned from Department after issue, it has to be first
disposed in the next issue of material

3) loss in the book balance of stock and actual is to be transferred to Inventory
adjustment a/c and from there if the loss is normal it is transferred to Over Head
control a/c. If it is abnormal it is transferred to costing profit and loss a/c.

4) CIF = Cost Insurance and Freight (This consignment is inclusive of prepaid
insurance and freight)

5) FOB = Free on Board (Materials moving by sea – insurance premium is not
paid)

6) FOR = Free on Rail (Insurance and freight is not borne by the supplier but paid
by the company or purchase)

7) For each receipt of goods = Goods Receipt note

8) For each issue of goods = Materials Requisition note (or) Material Issue note

Accounting Treatment :-

1) Normal Wastage = It should be distributed over goods output increasing per unit
cost

2) Abnormal Wastage= It will be charged to costing profit and loss a/c

3) Sale value of scrap is credited to costing profit and loss a/c as an abnormal gain.

4) Sale proceeds of the scrap can be deducted from material cost or factory
overheads.

5) Sale proceeds of scrap may be credited to particular job.

6) Normal Defectives = cost of rectification of defectives should be charged to
specific

7) Abnormal Defectives = This should be charged to costing profit and loss a/c

8) Cost of Normal spoilage is to borne by good units

9) Abnormal spoilage should be charged to costing profit and loss a/c