Podcast
Questions and Answers
What is the formula used to calculate the dividend charges payable to General revenue for a year?
What is the formula used to calculate the dividend charges payable to General revenue for a year?
- Capital-at-charge to end of the previous year plus half of the anticipated capital outlay for the year (correct)
- Total revenue minus total expenses for the year
- Anticipated capital outlay for the year only
- Capital-at-charge at end of the year only
Which of the following components can be reduced by GM for exports with the concurrence of FA and CAO?
Which of the following components can be reduced by GM for exports with the concurrence of FA and CAO?
- Fixed components of overheads and profit (correct)
- Variable costs associated with production
- Direct labor costs
- Marketing and distribution expenses
What does the proforma charges mentioned in the table primarily consist of?
What does the proforma charges mentioned in the table primarily consist of?
- Direct expenses incurred during production
- Direct worker wages and salaries
- Overhead costs only
- Dividend and other overhead charges (correct)
How should the dividend be distributed according to the instructions provided?
How should the dividend be distributed according to the instructions provided?
In the percentage calculations for actuals mentioned, which of the following categories is included?
In the percentage calculations for actuals mentioned, which of the following categories is included?
Which of the following components is likely included in the incentive bonus structure for direct workers?
Which of the following components is likely included in the incentive bonus structure for direct workers?
What type of compensation is typically offered to direct workers in the context provided?
What type of compensation is typically offered to direct workers in the context provided?
Which category of workers is considered essential indirect workers as per the outlined structure?
Which category of workers is considered essential indirect workers as per the outlined structure?
In the standard hour calculation, which of the following is included under the categories listed in the structure?
In the standard hour calculation, which of the following is included under the categories listed in the structure?
What factor affects the adjustments made to bonus payments in the structure provided?
What factor affects the adjustments made to bonus payments in the structure provided?
What influences the calculation of the percentages for Factory Overhead as described?
What influences the calculation of the percentages for Factory Overhead as described?
Which position is responsible for issuing fresh work orders for Overheads in consultation with finance?
Which position is responsible for issuing fresh work orders for Overheads in consultation with finance?
How frequently should the overhead percentages be reviewed?
How frequently should the overhead percentages be reviewed?
When calculating overhead for exports, who has the authority to reduce fixed overheads and profit?
When calculating overhead for exports, who has the authority to reduce fixed overheads and profit?
Which of these is NOT a reason for overhead allocation described in the content?
Which of these is NOT a reason for overhead allocation described in the content?
Flashcards
Direct Labour
Direct Labour
The cost directly associated with creating a product or providing service.
Export Overheads
Export Overheads
Fixed components of overheads and profit for exports.
Material Cost
Material Cost
The cost of raw materials used to make a product or provide a service.
Proforma Charges Components
Proforma Charges Components
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SOH (Stock)
SOH (Stock)
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GM Concurrence
GM Concurrence
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FA & CAO Approval
FA & CAO Approval
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Profit
Profit
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Dividend Calculation
Dividend Calculation
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Packing
Packing
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Overhead Allocation
Overhead Allocation
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Overhead Percentage Calculation
Overhead Percentage Calculation
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Stores Overhead Levy
Stores Overhead Levy
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Government/Export Profit Margins
Government/Export Profit Margins
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Export Overhead/Profit Reduction
Export Overhead/Profit Reduction
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Study Notes
Indian Railway Rolling Stock Code
- This code was first published provisionally in March 1940.
- It had four reprint editions in 1944, 1950, 1970, 1974, and 1991.
- Subsequent updates were brought in 2008, 2016.
- This code was revised incorporating inputs from IRIMEE and Railway officers.
- It supersedes all existing rules and orders issued by the railway board for the subjects within it, unless otherwise implied.
- Information, suggestions and comments welcome for future editions.
Preface
- The State Railway Code for the Mechanical Department was first published provisionally in 1940.
- The first reprint edition was issued in 1944.
- Subsequent revisions were published in 1950, 1970, 1974, and 1991 with correction slips up to No. 7 of 2008.
- It was updated in 2016 with new techniques in manufacturing and maintenance, group incentive schemes, biometric attendance systems, and environmental management.
- This code is now revised incorporating important issues, such as, linkage of biometric attendance with wages, costing and incentives, and more.
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