what factors should be taken into consideration while fixing a method of pricing of 625773

1. On taking up the appointment as a cost accountant in a factory, you find that no report is submitted to the management on the subject of stock. List the reports with brief details, which you consider necessary for managerial control.

2. What do you understand by ‘pricing of issues’? Explain any two methods of pricing of the issues.

3. Explain – Scrap, Wastage, Spoilage and Defectives. How will you control these losses?

4. Distinguish between scrap, spoilage and defectives in an engineering industry with specific reference to the accounting treatment for each.

5. What factors should be taken into consideration while fixing a method of pricing of the issues?