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What is the purpose of adjusting the stock of raw materials in the preparation of a cost sheet?
  • a)
    To calculate the total cost of production
  • b)
    To determine the selling price of the product
  • c)
    To account for changes in market demand
  • d)
    To calculate the cost of goods sold
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of adjusting the stock of raw materials in the pre...
Adjusting the stock of raw materials in the preparation of a cost sheet is done to calculate the total cost of production accurately. By accounting for changes in raw material quantities, the cost sheet reflects the actual cost incurred in production.
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What is the purpose of adjusting the stock of raw materials in the preparation of a cost sheet?a)To calculate the total cost of productionb)To determine the selling price of the productc)To account for changes in market demandd)To calculate the cost of goods soldCorrect answer is option 'A'. Can you explain this answer?
Question Description
What is the purpose of adjusting the stock of raw materials in the preparation of a cost sheet?a)To calculate the total cost of productionb)To determine the selling price of the productc)To account for changes in market demandd)To calculate the cost of goods soldCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of adjusting the stock of raw materials in the preparation of a cost sheet?a)To calculate the total cost of productionb)To determine the selling price of the productc)To account for changes in market demandd)To calculate the cost of goods soldCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of adjusting the stock of raw materials in the preparation of a cost sheet?a)To calculate the total cost of productionb)To determine the selling price of the productc)To account for changes in market demandd)To calculate the cost of goods soldCorrect answer is option 'A'. Can you explain this answer?.
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