1.The validity of stock control levels cannot be overemphasized as it could be expensive to a

company to carry too much or too little stock.

i) Highlight four costs associated with overstocking.

ii) Outline four costs associated with under stocking.

2.give the reasons as to why an organization might use overheads allocation and apportionment in

allocating costs among cost centers.

3. there is no cost that can be described as, entirely and always variable or fixed."

discuss the above statement.

4.Distinguish between a bin card and a stores ledger card

provide reference for your work