Costing and control of material,
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o strengthen material control, purchase control must be matched by equally effective stores control to avoid losses from misappropriation, damage, deterioration, evaporation and carelessness. The investment in materials constitutes a major portion of current assets, so there should be a separate Stores Department to exercise stores control. It is an amazing fact that in many industrial organisations while a most rigid control over cash exists, little or no attention is paid to materials. It is not desirable. Materials to become cash on the sale of the finished products represent an equivalent amount of cash, so it is desirable to have an efficient and well-equipped stores department to exercise an effective material control.
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Course Material
- Introduction, Organization and overview of the course.
- concept and classification of costs.
- Cost of goods sold, cost of good manufactured
- Cost of goods sold, cost of good manufactured
- Costing and control of material,
- Costing and control of material,
- costing and control of labour,
- costing and control of labour,
- costing and control of factory over head
- Factory Overhead Departmentalization
- product cost accumulation systems
- product cost accumulation systems
- Job order Costing
- Job order Costing
- Job order Costing
- Job order Costing
- Process costing
- Process costing
- Process costing
- Process costing
- Joint product and by product costing
- Joint product and by product costing
- Joint product and by product costing
- Joint product and by product costing
- Budgeting
- Budgeting
- Budgeting
- Budgeting
- Direct and absorption costing
- Direct and absorption costing
- Break-even analysis and cost-volume-profit analysis
- Break-even analysis and cost-volume-profit analysis
- Chapters 32
- Department Noon Business School
- Teacher
Shahid Mahmood
