It is the place where students get summarized notes for understanding cost accounting easily. It is being updated on regular basis. Moreover if anyone has any question or query regarding any topic of the subject feel free to comment in the comment section below.
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METHODS OF CONTROLLING AND MANAGING INVENTORY Ø Economic Order Quantity (EOQ) Please see my earlier posts for this method. Ø Just ...
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INVENTORY LEVEL FORMULAS v Reorder Level (In case of certain lead time and constant demand) Reorder Level = Demand × Lead Time ...
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METHODS OF WAGE COMPUTATION v FLAT TIME RATES These are hourly, daily or weekly rates of pay which are paid to workers irrespect...
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