ASSIGNMENT OF ACC 212 -COST ACCOUNTING 1 FOR PART TIME

                         PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

                               "IN ALL YOUR GETTING GET WISDOM". 

NOTICE: STUDENTS DON`T COPY YOURSELVES, JUST BE YOURSELF. IT IS WELL WITH OUR SOUL ALLAHUMO KUNFAYAKUN AMIN.

TO WHOM: 

* PRE-HND ACCOUNTANCY DEPARTMENT 

* PRE-HND BUSINESS ADMINISTRATION 

* ND ACCOUNTANCY DEPARTMENT 

* ND BUSINESS ADMINISTRATION

REVIEW QUESTIONS, VISIT:

https://britstutors.blogspot.com/2020/02/assignment-of-acc-212-cost-accounting-1.html

ASSIGNMENT 3 FOR PART TIME

1.    Motiriri Enterprises provides the following data relating to component B97020314.

Cost of raw material                                       N10 per unit

Usage per day                                                 100 units

Minimum re-order period                                20 days

Maximum re-order period                               30 days

Cost of ordering materials                              N400 per order

Carrying cost                                                   10% per annual

Assume that each year consists of 48 working weeks of 5 days per week.

Required: Calculate:

(i) The Re-Order Level       (ii)  The Re-Order Quantity   (iii)  The Maximum Level

(iv)  The Minimum Level     (v) The Average Level

(b)  Write short note on the following terms:

i. Cost        ii. Cost Unit      iii. Cost Centre

(c) List three element of cost known to you.