How to calculate overhead rate for Inventory valuation. What is the method of Inventory valuation. What is CAS 4 and which CAS is applicable in your current company.Name them. How many CAS are there. How good u are inMS Excel. What is the difference between COP and COGS.

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Accepted Answer

Overhead rate for Inventory valuation is calculated by dividing total overhead costs by total direct labor hours. Inventory valuation methods include FIFO, LIFO, and weighted average. CAS 4 deals with depreciation accounting. CAS applicable in current company may vary. Good knowledge in MS Excel is essential. COP is the cost of producing goods, while COGS is the cost of goods sold.

Calculate overhead rate by dividing total overhead costs by total direct labor hours
Inventory valuation methods include FIFO, LIFO, and weighted average
CAS 4 deals with depreciation accounting
CAS applicable in current company may vary
Good knowledge in MS Excel is essential
COP is the cost of producing goods, while COGS is the cost of goods sold