Inventory accounting a comprehensive guide phần 6 pptx

... inventory layers and associated cumulative indexes are as follows: Layer Type Base Year Valuation LIFO Layer Valuation Cumulative Index Base layer $112,000 $112,000 0.0% Year 2 layer 64 ,157 69 , 161 ... criteria is machine hours, because standard machine hours are readily available in the bill of materials or labor routing for each product, many overhead costs are related to machine usag...

Ngày tải lên: 14/08/2014, 12:21

... TeAM YYePG Digitally signed by TeAM YYePG DN: cn=TeAM YYePG, c=US, o=TeAM YYePG, ou=TeAM YYePG, email=yyepg@msn.com Reason: I attest to the accuracy and integrity of this document Date: 2005.02.07 ... email=yyepg@msn.com Reason: I attest to the accuracy and integrity of this document Date: 2005.02.07 18:01:09 +08'00'

Ngày tải lên: 14/08/2014, 12:21

... each Inventory and Manufacturing Systems / 25 2 A kanban is described in this text as a card, but it can actually be any form of notification. A common alternative is a container of a particular ... expense category can be separately tracked by individual cell and charged to products. Repairs and maintenance. Nearly all of the maintenance that a company incurs is spent on machin...

Ngày tải lên: 14/08/2014, 12:21

... bar code scanning, so that transactions are automati- cally transmitted from portable scanners by radio transmissions and update the inventory database in real time. Transaction avoidance: Certify ... in an automatic and cascading ripple effect that changes all of a company’s bills of material. This is an easy field for a fraudulent manager to personally ac- cess and change, but it is e...

Ngày tải lên: 14/08/2014, 12:21

... space ——————————————————————————————– (Total warehouse square footage) + (External staging area square footage) This is an easy calculation if a company maintains a storage location file that in- cludes the cubic volume of each location. ... only way to obtain accurate transaction stamping is to use online, real-time data entry, which calls for the use of portable terminals linked to the...

Ngày tải lên: 14/08/2014, 12:21

... Type Layer Valuation Layer Index Base layer $112,000 0.0% Year 2 layer 68 ,992 107.8% Year 4 layer 65 ,63 2 117.2% ———–– Total $2 46, 624 — ———–– ———–– 7-5 Link-Chain Inventory Valuation Another way ... necessitated by the seasonal factor, because it may be necessary to increase the quantities of materials and supplies in certain months in anticipation of seasonal demands. The ratio of i...

Ngày tải lên: 14/08/2014, 12:21

... xxx Salaries, maintenance department xxx Salaries, materials handling department xxx Salaries, production control department xxx Salaries, purchasing department xxx Salaries, quality control department ... entry shows an alternative approach where the credit is made to an inventory valuation account instead, from which specific write-offs can be completed at a later date. 160 / Inventor...

Ngày tải lên: 14/08/2014, 12:21

... be marked with a proper part number immediately. 4. Clearly mark the quantity on all sealed packages. Count all partial packages, seal them, and mark the quantity on the tape. This is a major labor ... inventory database. If a more advanced system is in place where the materials management staff enters transactions directly into the inventory database—either through local terminals...

Ngày tải lên: 14/08/2014, 12:21

... accumulate a product’s full cost, add a standard margin percentage to the cost, and this becomes the transfer price. It has the singular advantage of being easy to understand and calculate, and it ... no reliable market price available. The advantages and disadvantages of each transfer pricing method are noted in the relevant sections, so that one can find the most appropriate method that...

Ngày tải lên: 14/08/2014, 12:21

... intended for sale. Projected available balance. The future planned balance of an inventory item, based on the current balance and adjusted for planned receipts and usage. Pull system. A materials flow ... inventory. A manual or automated inventory tracking system in which a new inventory balance is computed continuously whenever new transactions occur. Phantom bill of material....

Ngày tải lên: 14/08/2014, 12:21