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What is Material Costing and Control Procedures about?

This document discusses material costing. It defines direct and indirect materials and provides examples. It explains the need for proper material control procedures which include purchasing, storage, stock control, and issuance. The key aspects of material control are to ensure proper use of funds, quality of materials, availability for production, and security of inventory. The document outlines the typical processes, including receiving goods, storage, and stock recording using bin cards and store ledger

Author

Azlie Arzimi

Language

EN