Section A 1 Realstar ltd was incorporated three years ago. It manufactures and sells...
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Accounting
Section A
1
Realstar ltd was incorporated three years ago. It manufactures and sells stationery to wholesalers. Realstar is contemplating to engage a cost accountant. The CEO has asked you to explain this statement. Cost accountant helps in formulating strategy
Discuss the above statement [6 marks]
Explain the term Just in time inventory systems and narrate any three the advantages of a company adopting this method. Give example of a company which uses this method in your country. [6 marks]
2
Differentiate between Job and batch costing [3 marks]
Terry Klass has recently started a business in Tlokweng village. He has been told by a friend that, to price his services, he should use Job costing. Describe to Terry Klass the seven steps he should take when accounting for job costing. [7 marks]
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