Type of business- its shud be a merchandiser or manufacturer Following job order

Type of business- its shud be a merchandiser or manufacturer
Following job order cost system or process order costing
Identify its direct material costsdirect labour costs and FOHs
Differenctiate between fixed and variable costs How are variable costs estimated? Any formal Method
Calculate the Order point (using usage lead time and safety stock)
Calculate EOQ(using number of units cost of ordering and cost of carrying)
Identify whether inventory is Just in time or not
Does the company have any scrap spoiled or defective goods? How are they accounted for? (as costs or separate)
De
Type of business- its shud be a merchandiser or manufacturer
Following job order cost system or process order costing
Identify its direct material costsdirect labour costs and FOHs
Differenctiate between fixed and variable costs How are variable costs estimated? Any formal Method
Calculate the Order point (using usage lead time and safety stock)
Calculate EOQ(using number of units cost of ordering and cost of carrying)
Identify whether inventory is Just in time or not
Does the company have any scrap spoiled or defective goods? How are they accounted for? (as costs or separate)
Details of payroll- type of labour and their pay (hourly or piece wise) minimum levels of pay
What taxes are to be paid by the company and labor. Benifis given to the labor
Distribution of payroll and taxes
Estimating a months or years budget(using units to be sold and beginning or ending levels of production
Cost volume profits
Break even analysis
Applied and actual costs for te year.
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