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Commodities to Stock
Employ Material Requirement Planning
From the Master Production Schedule the manager has determined such the products to be produced. A Bill of Materials can then be prepared. These contents in descending order the components essential to create the final product. The information essential includes part number or description, part name, next higher level assembly, essential quality per end item, quantity per end item and quantity essential for the next higher level assembly there.
Stores Ledger Account is also employed to get information on what is now available. The file signifies balance on hand and past data on how should is generally ordered, lead-time, and safety stock. The manager can find out from the above, what requirement to be purchased.
Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass $75,000 Repair parts 16,000
Now along with the illustration of Ramsons at hand, this is not tough for us to understand that Ramsons have invested the 'money to make money'. Where has Ramsons invested the mone
COST CONCEPTS / CLASSIFICATION OF COSTS 1. According to functions Administration cost / office cost Selling cost Production cost / factory cost / manufacturing c
Stores layout and location - Material Handling The layout of stores must ensure as a) For movement of material, ease of access out and in of stores b) The issue of peris
sorption costing
Process Costing It is a costing method, which is applied wherever there are standard operations along with continuous production of homogeneous as identical units. Consequentl
Determine When to Stock It will be influence with the inventory system in place as given: 1. Periodic order system. The firm obtains a new order of the amo
This is the amount charged due to the usage and passage of time. Fixed assets are utilized for earning revenue. Thus, a decrease in their value is considered to be the operational
#question techniques of payment under group bonus plan .
budget preparation
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