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Inventory, Supplies and Prepaid Expenses
You can well understand the requirements for carrying inventory. So as to carry on operations unhindered we require to have sufficient amount of merchandise on hand The quantum we have to keep in store will be determined through the availability and regularity of supply, lead time for escape and rapidly. All the same we must carry several inventories in any case. As same is the case along with non-merchandise inventory as office and factory supplies. We have to carry a minimum stock of such to ensure smooth operations. We also identify that there are several expenses that are to be' Lid before we in reality use the services, such as rent, insurance and so on. In other words we invest your money in these items of assets so as to ensure smooth operations
COST CONCEPTS / CLASSIFICATION OF COSTS 1. According to functions Administration cost / office cost Selling cost Production cost / factory cost / manufacturing c
Vary the force by hiring layoffs. No over time.
Determine Profit by Using Absorption Costing Assuming the fixed overhead absorption rate was Ksh.3 per litre, then what would be the profit utilizing absorption costing? a)
When firms enter into loan agreements with their bank it is very common for the agreement to have a restriction on the minimum current ratio the firm has to maintain. So, it is imp
Image Is Everything, Inc. (IIE) is located in an emerging market. It specializes in lithographic duplication, catering to demands from the nouveau riche for reproductions of paint
the annual overhead costs for abc ltd which has 3 production centeres and 2 service centers are as follows. indirect wages & supervision X 2million Y 2million 3 production departme
HOW APPLICABLE IS THE MARGINAL COSTING CONCEPT IN ACCOUNTING
features of absorption costing
EFFECTIVENESS AUDITING is one type of internal audit. Describe and evaluate this type of internal audit. What types of organisation would it be most useful for? Required: 1)
hml analysis , sde analysis,sos analysis, golf analysis , xyz analysis
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