Job Costing Overview: Introduction Whats is Job Costing? It is a form of specific order costing in which costs are attributed to an individual job. Job Costing is also referred …
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What is Economics Order Quantity (EOQ)? This is the re-order quantity where the total relevant cost of inventory is minimized. EOQ is also known as optimal re-order quantity. It also …
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There are different methods used in calculating labour cost. In this article, I will talk more about the three methods which fall under the PRODUCTIVITY SCHEME – they are; Halsey …
Overhead costs are those costs that cannot be traced directly to the level of activities of an organization. The overhead cost can be further described as “the cost of indirect …
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This PDF contains a series of Exam Revision Questions on Cost Accounting for beginners. The following topics are covered in this PDF. MATERIAL PRICING EXAM QUESTIONS Fifo, Lifo, Weighted Average, …
The following are the main pricing methods that may be used to determine the price of issues and closing stock valuation. Though this article is based on the FIFO method, …
In this article, you will learn How to Prepare an Income Statement, The Uses and Users of the Absorption Costing Techniques, The differences between the Marginal Costing Techniques (MCT) and …
In this summary on Inventory Control, I will briefly explain the terminologies being used in this topic and also state their formulas in a way you can easily remember. NOTE: …
Inventory Control Formulas and Terms +Video Guide Read More »