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Commodities to Stock
Employ Material Requirement Planning
From the Master Production Schedule the manager has determined such the products to be produced. A Bill of Materials can then be prepared. These contents in descending order the components essential to create the final product. The information essential includes part number or description, part name, next higher level assembly, essential quality per end item, quantity per end item and quantity essential for the next higher level assembly there.
Stores Ledger Account is also employed to get information on what is now available. The file signifies balance on hand and past data on how should is generally ordered, lead-time, and safety stock. The manager can find out from the above, what requirement to be purchased.
Flexible budgeting is a reporting system wherin the
Do I use the contribution per unit and the total sales for the department in order to calculate the p/v ratio for a department
A company provides several different services to its customers from a single office. Fixed costs of the office, including staff costs, are absorbed into the company's service costs
Co-ownership incentive scheme or Profit Sharing Schemes The organization permits for ownership whereby the employees are permitted to own a percentage of the shares in the fir
OBJECTIVES OF COST ACCOUNTING : 1-DETERMINING SELLING PRICE 2-CONTROLING COST 3- PROVIDING INFORMATION FOR DESING MAKING 4-ASCERTAINING COSTING PROFIT 5-Facilitating preparation of
prepare cost accounting sheet
Assume that Banc One receives a primary deposit of $1 million. The bank must keep reserves of 20 percent against its deposits. Prepare a simple balance sheet of assets and liabilit
prepare a trading and profit and loss accounts for the period using marginal costing and absorption costing
ADVANTAGES OF COST ACCOUNTING 1. It helps in efficient decision making. 2. It assists in cost drop. 3. It is useful in obsession of selling price
Dolphin Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2013 for $8,000,000 and had an estimated useful life of 8 years w
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