Supplies and prepaid expenses, Cost Accounting

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

Posted Date: 4/9/2013 1:36:53 AM | Location : United States







Related Discussions:- Supplies and prepaid expenses, Assignment Help, Ask Question on Supplies and prepaid expenses, Get Answer, Expert's Help, Supplies and prepaid expenses Discussions

Write discussion on Supplies and prepaid expenses
Your posts are moderated
Related Questions
If a company trades in a building towards a new building and does not recognize a gain or loss (because of code section 1031), will this transaction affect the cash flows statement

The employees at Warren Manufacturing Company are unionized. As minimum requirements, the union members insist on keeping a work force of at least 300 workers, and accepting an hou

Average costing method has the following main advantages: 1.It is a realistic costing method useful to management in analyzing operating results and appraising future production

Development and Research Cost Budget These are costs that are discretional in nature such as they are determined on need basis via the managers concerned. Research cost is the

This task involves the recording of non-current asset information in the general (nominal, main) ledger and other non-current asset matters. You are assisting in preparing the a

Sleep Corporation was organized on January 1, 2011. During its first year, the corporation issued 40,000 shares of $5 par value preferred stock and 400,000 shares of $1 par value c

How would I calculate the debt amortization for a bond issued at discount with a maturity of 12 years, market interest rate at issue 10% annually, 5% semi annually, and has a state

HOW DOES IDLE CAPACITY EFFECT COST BEHAVIOR PATTERNS AND FACTORY OVERHEAD METHODS?

Q. Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin?   Number of Units Price per Unit

Estimate Fixed Overhead Variances Referring to data, we can estimate the fixed overhead variances as given below: Budget for December 2003;