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Valuation of Inventory or Closing and Issues Stocks
Valuation of inventory aims on attaching a monetary value in the issued or stores for production. It is useful in producing. Such state costing the output and then pricing production as well as decision making.
Methods employed in valuing inventory as:
a) First In First Out (FIFO)
b) Last in Last out (LIFO)
c) Weighted Average Method.
DEFINATION
METHODS OF COSTING : 1. Job costing : Job costing is the essential costing technique appropriate to those industries somewhere the work consist of separate contracts, or batch
ANNUAL DEMAND = 2400 UNITS ORDERING COST PER UNIT = RS.4.00/- UNIT PRICE = RS 2.40/- STORAGE COST = 2% P.A INTEREST RATE = 10 % P.A LEAD TIME = HALF MONTH CALCULATE ECONOMIC ORDER
Calculate the β of Maine Corporation from the following data. The prices are at the beginning and at the end of each year Normal 0 false false
Time Analysis - Cost Accumulation This is generally achieved via having the employee complete a daily or weekly timesheet or via contain job cards or piecework tickets. As whe
We've all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, "Airline Industry Stock Outlook - August 2012"
Purpose of Cost Estimation In estimating it assists the future expenditure as cost prediction like the expenditure will depend upon the cost of the respective activities a)
explain advantages of marginal costing
Typical Causes of Material Variances Price Variances a) Paying lower or higher prices than planned. b) Losing or gaining quantity discounts via buying in large
Cost Components Companies which manufacture a product face an elaborated set of accounting issues. Additionally the usual accounting matters related with selling and administra
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