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Essay

Inventory Control for Cumberland Metals

Essay specific features

 

Issue:

Business

 

Written by:

Maxine S

 

Date added:

May 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 786

 

Was viewed:

7397 times

 

Rating of current essay:

 
Essay content:

Fortunately for the company, when the fire broke out certain employees were able to take with them important financial documentation that could be used to recalculate the company's last standing levels of inventory. When the fire broke out, these employees fled the building as fast as possible while at the same time carrying with them the last items that they were working on...
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When the fire broke out, these employees fled the building as fast as possible while at the same time carrying with them the last items that they were working on. The following list of information has been salvaged from the fire of Cumberland Metals Corporation: ? Direct labor costs for this year totals $180,000 ? New raw material purchases total $290,000 ? Sales to date total $1,200,000 ? Gross margin rate for the company is 40% of sales ? Goods available for sale to customers totals $810,000 at cost ? Prime cost for the company is $410,000 ? Manufacturing overhead is 70% of conversion cost ? Beginning raw materials for the year were $18,000 ? Beginning work in progress for the year was $65,000 ? Beginning finished goods for the year was $45,000 Based on this information the company needs to determine the amount of cost in its inventories on the date of the fire...
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General issues of this essay:
Inventory Control for Cumberland Metals Time-phased project work and projecft cost control Cost of Goods Sold The Cost of Gasoline versus the Cost of Alternatives Cost Of Tuition Vs. Cost Of Ignorance Current and Non-current Assets Responsibility Accounting And Cost Control Discuss the current and future trends in managing international or multinational company Determine The Primary Activities And Secondary Activities Of Your Organisation. Make A Conscious Decision On Whether Your Organization Should Compete By The Least Cost Strategy Or The Product Differentiation Strategy. Determine The Cost Drivers Of... Standard Soap Company Cost Accounting An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management The effect of the current external environment on the Marketing Management of a company or an organization within the hospitality or tourism or leisure industry Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting The impact of capital structure on a company’s cost of capital current issues in it
 

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