These are the following important five merits of inventory management.
What are the merits of inventory management?
Brief note on material handling equipments in Cost accounting
The equipments which are used for the material handling purposes are known as material handling equipments.
The Basic Material Handling Principles of Cost Accouting
The basic material handling principles remain same for all types of organization. But its practices differs from industry to industry which are the following:
What are the merits of scientific material handling in cost accounting?
Material handling is concerned with the handling of materials from the source or raw materials to the place of production.
What is the importance of efficient material handling? Discuss the equipments used for material handling?
In a manufacturing concern the product are received, stored to the production departments, moved from machine to machine and processing form dept.
What are the principles of material handling?
Elimination of unnecessary material handling: Necessary movement and material handling should be avoided to increase the out put and lowering the cost of production.
List of five material handling equipments with meaning and utility
The List of Five Material Handling Equipments It’s Meaning and Utility. (Cost Accounting).
Accounting of Selling and Distribution overheads in Cost Accounting
Both in manufacturing and non-manufacturing concerns selling function is involved besides manufacturing or purchase of goods.
The Treatment of Administration of Overheads In Cost Accounting
Accounts and cost Department Expenses: In small concerns administration overheads include the expenses of accounts and cost department also.
What are the differences between Allocation and Apportionment?
The Main Distinctions Between The Allocation and Apportionment Are:
The Principles of Apportionment of Overhead Costs in Cost Accounting
The determination of a suitable basis is of primary importance and the following principles are useful guides to a cost accountant:
What is the requirement of a System of Codification of Overhead Expenses in cost accounting?
The Basic Requirement of A System of Codification of Overhead Expenses Are:
How to treat the under or over absorption in cost accounting?
Accounting treatment of under or over absorption: Under or over-absorption of overheads may be treated in one or more of the following methods:
Brief note on under and over absorption of overheads
Over or under absorption of overheads meaning: Overhead expenses are usually applied to production on the basis of predetermined rates.
What do you mean by absorption of overheads?
Meaning of absorption: Absorption refers to the charging of overhead expenses to the ultimate cost unit.
What are the advantages of machine hour rate?
Privacy Overview
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |