Cost Accounting

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Recommended: Case study on factors affecting inventory management

Letter of Transmittal

Audit & EDP Accounting

Institute of Business Management

Karachi

Dear Sir,

As per your instructions, I am hereby submitting my first report on the required topic.

The report shall continue containing all the essential elements and required information which were listed briefly by you in the class. Although the task was relatively easier for me as the chosen company had its Branch Manager, a very close relative to me.

I have put our whole efforts in making this report, and I am fully satisfied with it. I hope you would be happy to see my performance because I did worked a lot for it. Incase of any assistance or interpretation in this regard, you can always contact me anytime.

I would be glad to be of any help.

Regards,

Contents Page

History 5

Management Flow Chart Error! Bookmark not defined.

Cost Accounting Flow Chart Error! Bookmark not defined.

Process Costing: Error! Bookmark not defined.

Accounting System Flow Chart Error! Bookmark not defined.

Berger † Departments Error! Bookmark not defined.

Types of Products Manufactured By the Company Error! Bookmark not defined.

Recording Procedures Error! Bookmark not defined.

Recording The Purchases & Return Of Raw Materials: Error! Bookmark not defined.

Direct Labour Cost: Error! Bookmark not defined.

Manufacturing Overhead Cost: Error! Bookmark not defined.

Budgets Error! Bookmark not defined.

Sales Budget: Error! Bookmark not defined.

Production Budget: Error! Bookmark not defined.

Purchases Budget: Error! Bookmark not defined.

Direct Labor Budget: Error! Bookmark not defined.

Factory Overhead Budget: Error! Bookmark not defined.

Acknowledgement

First of all I would like to thank Allah Almighty for granting me the capability and courage to work on this report with my best efforts, and for the patience and perseverance endowed by Him.

I would also like to thank Mr. Darrel Pereira for giving me the chance to work on this report and for his guidance, advice and examples during regular sessions which made this report possible.

I would also like to extend my gratitude to the senior students who gave guidance and helped me in this report.

I genuinely hope that this report meets the designated standards and you have a pleasant time going through it.

The History

Student Product

Total Inventory Budget

Inventory management for the branch is monitored by the branch manager under the supervision of the heads. They had a store in the back where all the essential ingredients and material is stored.

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