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1.what is least suitable for spread sheet?
budgeting
maintenanve of customer records
inventory valuation
variance analysis..
2.Spreadsheets can be viewed by many users at the same time?
3.major spillage resulting loss of raw material, will it have an adverse material usage variance?
4.the cost of output is found by calculating cost of manufacturing process and dividing the number of output, which approach is it? process or batch?
5.cost per unit of output is found directly by accumulating cost of each unit? in process or job?
6.common cost is it a relevant cost?
7.WIP @ 1 dec- 12000 units (40% converted) material element $33600 conversion cost $22980
materials added 48000 units @ $144000
conversion cost $307500
WIP@ 31 DEc- 15000 units (60% complete)
All materials is input at the start of process whereas conversion occurs evenly through the process.
Calculate the closing working progress using weighted method?
and value of finished production using FIFO…
A quick response will be greatly appreciated 🙂
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