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1. Centralized Stores
Centralized system in this case, the duty and responsibility of purchasing is done by one purchaser in purchasing department.
2. Decentralized Stores
These are stores where materials are held and issued by sub-stores in each department or branch.
Wilfykil answered the question on April 17, 2019 at 06:17
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The production manager of Kemu ltd Company, is concerned abut the apparent fluctuation in efficiency and wants to determine how labour costs (in Sh.) are related to volume. The following data presents results of the 12 most recent weeks.
Required:
Estimate the cost function using:
a) The high low method
b) Regression analysis
Assume that the Company intends to produce 45 units, 34 units next period
Estimate the labour cost to be incurred.
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Date posted: April 17, 2019. Answers (1)
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Based on performance, you have been provided with the following information regarding ABC Ltd for the year ended 31 December 2004 :
Required:
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Date posted: April 17, 2019. Answers (1)
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Date posted: April 17, 2019. Answers (1)
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Date posted: April 17, 2019. Answers (1)
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REQUIRED
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Date posted: April 17, 2019. Answers (1)
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Date posted: April 17, 2019. Answers (1)
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Date posted: April 17, 2019. Answers (1)
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Date posted: April 17, 2019. Answers (1)
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The following information for the year ended December 31, 2005 is obtained from the books and records of a factory.
Factory overhead is 80% of wages and administration overhead 25% of factory cost. The value of the jobs during 2005 was Kshs. 410,000
Prepare:
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(ii) Consolidated work – in – progress account.
Date posted: April 16, 2019. Answers (1)
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As newly appointed cost accounting, you find that the selling price of job No. 5 has been calculated on the following basis:
You are required to:
Wage rate: A = Shs. 4 per hour, B = Shs. 6 per hour, C = Shs. 4 per hour.
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Date posted: April 16, 2019. Answers (1)
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Required:
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(ii) Assume that shortly after the job is completed the original customer goes bankrupt and the job is not delivered. The only other possible customer is prepared to pay Kshs. 9,000. Briefly indicate, with reasons whether you would accept the offer of Kshs. 9,000.
Date posted: April 16, 2019. Answers (1)
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The information given below has been taken from the cost records of a factory in respect of job no. 707.
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Date posted: April 16, 2019. Answers (1)
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Date posted: April 16, 2019. Answers (1)
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Date posted: April 16, 2019. Answers (1)
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Date posted: April 16, 2019. Answers (1)