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Project Costing
What is the meaning of project costing? What are the elements of a standard project cost sheet.
kl_krupa
- Oct 3rd, 2010
Project costing is the identification and reporting of all costs generated by a single project. Elements of a standard project cost sheet would include all production orders, purchase orders and inventoried items are separated and pegged to the project in order to provide a total project cost
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EOQ
What is meant by EOQ?
Lakshmikanth Dandu
- Jan 27th, 2011
Economic order quantity refers to the quantity to purchased every time so as to minimize total of two types of costs associated with purchase. The size of the order for which the total of ordering costs per annum and carrying cost per annum are minimum is know as the eoq.
kl_krupa
- Oct 3rd, 2010
Economic order quantity is the level of inventory that optimises the total inventory holding costs and ordering costs.
