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Batch Costing
This is a kind of job costing that is utilized when production consists of limited repetitive work and definite number of item manufactured in one batch. A batch is explained as a cost unit consisting of a group of identical item in specific sizes and colors of shoes, spare toys, parts. The net cost incurred in production is spread on the number of units made while the batch is finished.
Procedures:
Each unit of a product requires four components. The average number of components is 4.25 due to component failure. Purchasing higher quality components can reduce the average numb
importance of marginal costing &standing costing
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Harriet Ltd is a trading company set up a number of years ago with 5,000 £1ordinary shares issued at par. In order to expand the production facilities it needs to raise a further £
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