Materials constitute a significant part of the

Reference no: EM13600640

Materials constitute a significant part of the manufacturing costs of an organization and therefore it is essential that proper control and accounting procedures be exercised in all aspects of the materials control system in the area of:
- Initial ordering and purchase
- Inspection of materials
- Storage
- Stock control
- Stock valuation of materials issued from stores to production
- Physical stock-taking

In relation to the above 6 integrated areas of material control system, you are required to explain the purposes, procedures & related documentations required so that materials purchased is the most suitable for the intended purpose of usage and cost-effectiveness.

Reference no: EM13600640

Questions Cloud

Fde manufacturing company has a normal plant capacity of : fde manufacturing company has a normal plant capacity of 37500 units per month. because of an extra large quantity of

Pacific products inc completed and transferred 150000 : pacific products inc. completed and transferred 150000 particle board units of production from the pressing department.

The converting department of stay-soft napkin company had : the converting department of stay-soft napkin company had 760 units in the work in process at the beginning of the

On january 4 2011 runyan bakery paid 324 million for 10 : on january 4 2011 runyan bakery paid 324 million for 10 million shares of lavery labeling company common stock. the

Materials constitute a significant part of the : materials constitute a significant part of the manufacturing costs of an organization and therefore it is essential

What is the increase or decrease in profits as a result of : for many years diehl company has produced a small electrical part that it uses in the production of its standard line

An investor purchased 500 shares of common stock 25 par for : an investor purchased 500 shares of common stock 25 par for 21750. subsequently 100 shares were sold for 40.50 per

If the sales manager receives a bonus of 20 cents for each : novelties inc produces and sells highly faddish products directed towards the preteen market. a new product has come

How do you set up a spread sheet to account for a 15 year : how do you set up a spread sheet to account for a 15 year loan with the first five years being interest only payments

User Account

All Pages