Control Ratios Homework Made Easy and Time Saving!
Control Ratios and their studies make up for a huge part of syllabus concerning the subject Accounts. Not only are they important but they also are quite relevant. A lot of students get wary of this topic once they fail to understand and end up with not only poor grades but also lack of grip on the subject. You do not have to fall into the trap and become like them. If you are facing problems with control ratios then myhomeworkhelp.com is here to provide you the best control ratios homework help.
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If you ask a business subject’s related dictionary then they will tell you that control ratios are a measure of the gross revenue or proceeds obtained from any resource or asset in particular, such as inventory sales revenue.
For example, let us assume that cost price of raw materials used stands at $22,000. The beginning inventory and ending inventory are $10,000 and $8,000 respectively. The inventory sales revenue equals 2.22 ($20,000/$9,000) times.
What are the applications of control ratios in material control?
Control ratios can be applied to material control in the following ways:
Types of ratios:
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