UNIT 2
Material and labour costing
Direct and Indirect material cost, Material purchase procedure, Inventory control (Stock levels, EOQ)
Here's an explanation of direct and indirect material costs, material purchase procedures, and in...
Issue of materials to production.
Purpose of Issuing Materials Facilitate Production: Provides the necessary inputs for manufactu...
Direct and indirect Labour cost, methods of payment of wages including Incentive schemes (Halsey, Rowan, Taylor).
Direct and Indirect Labor Cost Direct labor costs are the wages paid to employees who are directl...