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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 perishable materials upon a first in first out basis
c) The segregation of dangerous and toxic materials in a separate place
d) Security of materials via restriction of access to authorized personnel just
The location of stores should ensure as:
a) Nearness to point of employ to minimize expenditure on handling costs
b) Specialist stores as like an example of spare parts for machinery must be located close to the point of employ.
Cost Units - Terms Used in Cost Accounting It is the quantitative units of the service or product in relation to those costs are ascertained. The cost unit will be determined
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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
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