Explain Equivalent Units of Production and its computation using weighted average method and FIFO method.
Managerial Accounting Assignment Question(s): (Marks 15) Q1. Assume yourself to be a cost manager of ARAMCO and you are in the task of Cost Classifications. Explain how the following costs would help you as cost manager to make decision. (2 Marks) Product Vs Period Cost Prime Vs Conversion Cost Committed Vs Discretionary Cost Q2: A […]