Answer Posted / aakeef
Material that has entered the production process but is not
yet a finished product.
The production of a product has a 3 phase/Process
1.raw material
2.work in progress
3.finished product
Work in progress (WIP) therefore refers to all materials
and partly finished products that are at various stages of
the production process. WIP excludes inventory of raw
materials at the start of the production cycle and finished
products inventory at the end of the production cycle.
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
How can a company reduce profit
deffered tax treatment in financial statements
what is budgetory control and what are the types
Short Answer on _________Accounts Receivable
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
Expand-------MTRS
what are the certificates needed at the time of SBI clerical interview?
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
in which group under we will open donation and hamali weekly payment account or ledger
which kind of expenses or Income will come under direct expenses or Income ?
Expand-------SNAT
what is non stock?
different between acconting and elective mathematics
differences between liabilities and assessts
please tell me questions asked in NICMAR for the post of accounts executive