ECONOMICS

COST ACCOUNTING

INTRODUCTION TO COST ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A document which contains information about the materials of specific product, in specific department comes under:
A
Selling method
B
Costing method
C
Material acquisition method
D
None of the above
Explanation: 

Detailed explanation-1: -A bill of materials (BOM) is a centralized source of information containing a list of items used to manufacture a product and the instructions on how to do so. Often shown in a hierarchical way, a bill of materials (BOM) lists the finished product at the top, down to individual components and materials.

Detailed explanation-2: -SKUs (Stock Keeping Unit) – an alphanumeric barcode that’s unique for each retailer. This code contains information about the product itself, its manufacturer, and price, and can help trace the movement of inventory.

There is 1 question to complete.