Inventory management and control, Cost Accounting

Inventory Management and Control

Here the objectives of inventory management are as:

1. To ensure adequate stocks to permit for continuous production/operations, and

2. To minimize the having inventory's cost.

Inventory management is significant since in most organizations it signifies the largest single investment. The main categories of inventory are:

a) Finished goods

b) Work in progress

c) Raw materials

Posted Date: 2/5/2013 4:35:36 AM | Location : United States







Related Discussions:- Inventory management and control, Assignment Help, Ask Question on Inventory management and control, Get Answer, Expert's Help, Inventory management and control Discussions

Write discussion on Inventory management and control
Your posts are moderated
Related Questions
Cash is the other form of fund although in a narrow sense, this refers to a supply which can be drawn upon as per to the need. Here the term cash involves both cash and cash equiva

Component of Fixed Overheads Variance Fixed Overhead Expenditure Variance The fixed overhead expenditure variance is the dissimilarity between the actual fixed expend

The following facts have been extracted from the standard cost card for product X:

You have been asked by Mogul-Basher (MB) Ltd., a manufacturer of snowboards, to evaluate its capital structure. As a first step, you need to estimate MB's current weighted average

Direct Material Cost Variances (DMCV) This variance is a general difference in the standard direct material cost and the actual direct material cost. This variance may be prese

Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p

Developing and Insight into Labour and Material Variance The calculation of labour and material variances is not sufficient; we require knowing how the variance could have typ

Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains twelve quarts of synthetic oil. To achie

Smart Ltd ha sa unit selling price of $500 variable costs per unit of $325 and fixed costs of $140 000. Calculate the break even point in units using (a) a mathematical equations a

what are the three of product costs in manufacturing company,discuss in detail each and supporting with examples.