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QUESTION NO. 1: i) A civil engineering firm with the sugar and related product (like ice cream ).Books of accounts show different amounts of
QUESTION NO. 1: i) A civil engineering firm with the sugar and related product (like ice cream ).Books of accounts show different amounts of Material,FOH, Work in process at different dates of time. Once the material with amount 2000 dollar is credit. How you interpret this with other accounts. What is the stage of company in job order costing. ii) How cost accounting is used as a measure of comparison so that deficiencies and improvement can be identified. Give any example to support your answer. iii) How external user of cost accounting seems to be mostly manufacturing corporations for quantitative decision, Support your answer by an example. iv) If EOQ calculated from the formula is 250 units while the annual requirement are 6000 units with the ordering cost of $3000 and carrying cost of $ 576.Give a proof by drawing a table that the order size at EOQ is having the lowest cost. v) Why marketing and admin cost are termed as period cost in cost Accounting?
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