Introduction to Material Losses
One of the major reasons of increasing material costs is the loss of material within the production process. It is of paramount significance that there should be fixed control over the material losses failing that it will be very hard to keep the material costs in check. The material losses can be classified as given below.
Ø Waste: - a loss of material either in stores or in production because of reasons such as evaporation, chemical reaction, shrinkage, unrecoverable residue etc is known as waste. Wastages might be invisible or visible. It is essential to take steps to control the material wastage. , the wastage is split into the following categories in cost accounting.
Ø Scrap: - Scrap is a residual material resultant from a manufacturing process. It comprises a recovery value and is measurable. The treatment of scrap in cost accounts is generally as per the following details.
Ø Spoilage: - Spoilage is the production that is not successful to meet quality or dimensional needs and very much damaged in manufacturing operations that they are not able of rectification and though has to remove and sold off with no further processing. Rectification can be complete at a cost that may not be economic. If the spoilage is under limits, it is termed as 'normal' spoilage and anything that is exceeding this limit is termed as as 'abnormal' spoilage. The accounting treatment of spoilage is as follows.
Ø Defectives: - The defectives are part of production units that do not corroborate to the standards of quality but can be corrected with extra application of materials, labor and/or processing and complete it into saleable form either as firsts or seconds relies upon the types of the product. The accounting treatment of defectives is similar like that of spoilage. The cost of normal defectives is increase over the good units and the cost of extra processing is charged to a specific department/process if it is identifiable with similar. It is charged to factory overheads if it cannot be identified. Cost of abnormal defectives is charged to the Costing Profit and Loss Account.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Material Losses homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Material Losses, project ideas and tutorials. We provide email based Material Losses homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Material Losses. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Material Losses. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
to learn the two inputs of the arithmetic circuits of half adder, full adder and flip flops using ics.
Voltage Regulators tutorial all along with the key concepts of Three-Terminal Voltage Regulators, Fixed Positive Voltage Regulators, Positive Voltage Regulator Specifications, Fixed Negative Voltage Regulator, Adjustable Voltage Regulators, Output regulation
tutorsglobe.com evaluation of antimicrobial action assignment help-homework help by online control of microorganisms tutors
Properties and Functions of Biological Peptides tutorial all along with the key concepts of Biologically Active Peptides, Properties of Peptides, Ionic Property, Titration Curves, Functions of Biologically Active Peptides
continuity considers to being part of an entire or connected whole. in electrical applications, while an electrical circuit is able of conducting current, it illustrates electrical continuity.
www.tutorsglobe.com offers workshop planning approach homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
Theory and lecture notes of Student's T Probabilities all along with the key concepts of Student's t probabilities, Degrees of Freedom and Population Standard Deviation Unknown. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Student's T Probabilities.
in drawing this type of mush winding, the slots are numbered 1 to 24 and the long and short sides are alternatively drawn.
tutorsglobe.com hypersensitivity-cytotoxic reactions assignment help-homework help by online classification of hypersensitivity reactions tutors
Redox titration-potassium permanganate as oxidant tutorial all along with the key concepts of Experiment of redox titration, Procedure of redox titration, result of redox tritration
Find 24/7 online assistance of PhD tutors and History of Christianity Assignment Help now for high academic grades at viable prices.
tutorsglobe.com price effects assignment help-homework help by online comparative statics tutors
tutorsglobe.com high energy phosphates assignment help-homework help by online energy and enzymes tutors
Perissodactyla-Chiroptera-Insectivora tutorial all along with the key concepts of Order Perissodactyla, Features of Order Chiroptera and Features of Order Insectivora
Seeking top-rated Calculus Assignment Help? Our qualified tutors offer expert guidance and A++ solutions, timely delivery at budget-friendly rates.
1962225
Questions Asked
3689
Tutors
1481811
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!