=+3 Backflush costing has its critics. For instance: The periodic (backflush) system has never been reflective of
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=+3 Backflush costing has its critics. For instance:
The periodic (backflush) system has never been reflective of the reporting needs of a manufacturing system. In the highly standardised operating environments of the present JIT era, the appropriate system to be used is a perpetual accounting system based on an up-to-date, realistic set of standard costs.
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 9781442563377
2nd Edition
Authors: Monte Wynder, Madhav V. Rajan, Srikant M. Datar, Charles T. Horngren, William Maguire, Rebecca Tan
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