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State Direct material cost standard
The determination of direct material cost standard would involve:
a) Determination of quantity standards and
b) Determination of price standards
For determination material quantity standards for each material going as an input in the product, it is necessary to develop a product design and material specification as an input in a scientific manner on the basis of experiments/test runs. These specifications must be adhered to except in special circumstances when a revision is to be effected. If any should also be seceded on the basis of past experience or scientific analysis.
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1. Compute the predetermined overhead rate.
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based on your assumptions, calculate the cost per unit (total product cost on a per unit basis) under a traditional accounting system based on direct labor hours (table 1 prepared
State overhead expenses It is to be noted that the term overheard has a wider meaning than the term indirect expanses. Overheads include the cost of the indirect material and
Have lot of questions please any one help me
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where can I get the solution for the question on this link: http://www.expertsmind.com/questions/determine-the-cash-flow-budget-monthly-cash-disbursement-30145416.aspx I have att
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