COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Material control does not cover the following stage.
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Purchase of materials
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storing of materials
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issue of materials
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production
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Explanation:
Detailed explanation-1: -Answer. Explanation: Maintaining stores ledger is not a Material control technique. A stores ledger is a manual or computer record of the raw materials and production supplies stored in a production facility.
Detailed explanation-2: -What is Material Control? Material Control is a management function that is concerned with the storage, handling, and use of materials to minimize waste and improve inventory accuracy. This process can be beneficial for companies to reduce costs and improve organization and productivity.
Detailed explanation-3: -Solution(By Examveda Team) Material control involves purchase, storage and issue of material.
There is 1 question to complete.