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Determine the tyoes of Cost centre
Cost centre can be of two kinds:
1. Impersonal cost centre: consisting of a location or item of equipment (or group of these) like machine shop, and
2. Personal cost centre: consist of a person or a group of the persons such as factory manager, sales manager etc.
Cost centre also classified in manufacturing concerns into production and service cost centres. Production cost centres relate to those centres where production or manufacturing activities take place. Service cost centres are those, which are ancillary and render services to the production cost centres, so that manufacturing activities can take place. In a biscuit manufacturing company, making baking are the production cost centres will personnel purchase keeps canteen accounts and the service cost centres.
THEORY OF METAGAMES This theory appears to describe how most people play non-zero sum games involving any number of persons. Prisoner's dilemma is an example of this; the ai
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Determine the tyoes of Cost centre Cost centre can be of two kinds: 1. Impersonal cost centre: consisting of a location or item of equipment (or group of these) like machi
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Kent Company had 800 units of product in its assembly department's work in process inventory at the starting of the period. During the period 3,000 additional units of product were
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