Railway Accounts Department Examinations: Rolling Stock Code

SN	M&P	SN	T&P
1	M&P stands for Machinery & Plant	1	T&P stands for Tools & Plant
2	A Machine that remains stationary nd immovable (Job comes to Machine) and all Vehicles (all types)	2	An item that is movable (Machine comes to Job)
3	Examples: All immovable Machines, Staff cars, Lorries, Buses, Ambulances, Road Mobile cranes, etc	3	Examples: Pneumatic drills, power saws, tools and plants such as jigs & fixtures. Small tools & equipment. Upkeep of Office such as Furniture, computers, printers etc
4	Costing more than Rs. 50 Lakhs and Vehicles irrespective of its cost processed through M&P Portal (maintained by Railway Board) Costing up to Rs. 50 Lakhs each - (except Vehicles) can be sanctioned by Zonal Railways under GM’s powers	4	Costing up to Rs. 10 Lakhs referred as T&P and procured by Zonal Railways
5	Charged to Capital (Plan Head 41 - M&P)	5	Charged to Revenue

Key Points for MCQ

M&P stands for Machinery & Plant
T&P stands for Tools & Plant
M&P - Job comes to Machine
T&P - Machine comes to Job
M&P - costing more than Rs. 50 Lakhs processed through M&P Portal
All Road vehicles treated as M&P irrespective of Value and processed through M&P Portal
M&P portal maintained by Railway Board
M&P - costing less than Rs. 50 Lakhs - processed by Zonal Railways under GM’s powers
T&P - costing up to Rs. 10 Lakhs charged to Revenue
M&P charged to Capital (Plan Head 41)

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Saturday, October 22, 2022

Please attend MCQ Test (CBT mode) on Workshop Accounts - Rolling Stock Code at 8 PM on 22nd October, 2022 (Saturday)

The expenditure which cannot be directly allocated to the product or service and
can only be apportioned on some logical basis

On costs are always expressed and levied as a percentage of Direct labour including incentive Bonus and overtime paid in that work order.

Shop On cost and General On cost need to be charged to all types of works executed at the workshop irrespective of their nature.

A review of efficiency of overhead percentages should be made quarterly with reference to total actual expenditure incurred vis-à-vis that recovered at the overhead percentages.
A comparison of these actual overheads with recoveries made through estimated percentages will reflect over/under charges for the month under different overheads
If these are found unduly large, the percentages are revised without waiting for the Annual On cost Budget so as to minimize the difference between the actual and the predetermined percentage.
The Under / Over charges at the end of the year should be less than 5% so as to make On cost budget realistic and the same must be cleared through the final Heads before the end of the Financial Year.
Senior scale/JA grade executive officer in charge of Production Control Organization should review the trend of on-cost budget every quarter, jointly with workshop Accounts Officer
The outcome of this review in the form of management summary shall bring to the knowledge of Chief Workshop Manager for the management review and ‘on-cost’ control exercise

Shop On Cost (SOC)

Wages, overtime etc. of Shop apprentices, JEs, unskilled labour.
Leave pay, idle time, sick hurt and holiday pay, travelling allowances and arrear pay, and pay allowed to men on volunteer duty or part-taking in sports.
Shop scrap (credit)
Stationery and forms
Defective and spoilt work, in the case of experimental work
Power chargers, whether electric pneumatic, gas or hydraulic which can be directly allocated to shops.
Wages of operators of automatic machines, not otherwise allocated
Wages, overtime etc. of men employed on mechanical transport in the shop
Wages, overtime etc. of all general labour in shops including those employed on transport.
Hammer driving in shops
Small differences between muster rolls and time sheets
Consumable stores (Lubrication oil, waste, sponges, etc.)
Charges for coal and coke in the smithies
Lighting charges in shops
Fine creditable to works
Suspension allowances
Wages etc. of shop messengers
Working expenses of crane and shunting engines, lorries, autotrucks, traversers etc.
Small tools for shop use

General On Cost (GOC)

Wages and allowances of staff of Yard shop
Wages & allowances of Workshop apprentices not attached to shops.
Freight charges .
Electrical power.
Hydraulic and pneumatic power and gas
Replacement of articles stolen or lost
Expenditure on apprentices’ school and hostel
Working expenses of crane and shunting engines, lorries, auto trucks, traversers etc.,
Working expenses of central works pumping plant.
Experimental work
Water charges
Sanitary arrangements
Messengers’ wages, uniforms etc.
Consumable stores for general use
Maintenance of mess rooms
Yard lighting.

Administrative On Cost or Proforma On Cost

Charged - percentage of direct labour - to RSP works and all works done for outsiders.

To make competitive, GM can waive whole charges or reduce with concurrence of PFA.

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