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ADVANTAGES OF COST ACCOUNTING
1. It helps in efficient decision making.
2. It assists in cost drop.
3. It is useful in obsession of selling price
4. It guide to successful inventory control.
5. It aids in the reduction of wastage.
First in First Out or FIFO FIFO method is based upon the assumption such stock purchased first is issued first. Prices of stock purchased first are employed to determine the v
Place a prepared slide of Trypunosoma under tlic microscope and focus it under low power, You will observe large number of tiny spindle-shaped trypanosomes lying in the plasma alll
Tony Allan Inc is a small manufacturer of metal products in Toronto. The company rents its factory building. It uses a job order costing system because it has a wide variety of p
under which type of asset the investment comes
explain advantages of marginal costing
On a New product development process of making a new S3 STORAGE SIM card phone storage device for end users, forecast the following With full working and tabulations; a) With fu
Fosson Furniture uses a process cost system to account for its chair factory. Beginning inventory consisted of 5,000 units (100% complete as to material, 55% complete as to labor)
Identify the individual cost components and the total cost of delivering the product from supplier to retailer. Identify each cost in terms of the incremental addition to the pro
mark-up of 25%
cost accounting as a descriptive/analytical discipline
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