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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
REPORT ON SATYAM
Year Ending April 2009, 2009 April 30, 2008 Net Sales $10,148,082 $10,070,778 Accs Receivable 1,171,797 1,161,481 Assume that the accounts receivable (in thousands) were $996,852 a
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Total Variable Overheads Variances If Variable Overhead Expenditure Variance = Shs.1, 330 Variable Overhead Efficiency Variance = Shs.320 Then total variable overheads
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