Accounting for Materials, Labor and Overhead costs

 Describe the methods and procedures of storekeeping, stocktaking and inventory control
 Explain and illustrate the perpetual inventory system and its procedures and documentation
 Explain and illustrate the methods available for pricing store issues and for inventory valuation
 Explain the impact of different remuneration methods on the cost of finished goods
 Explain and illustrate the problems and procedures of identifying, analysing, allocating and absorbing overhead costs
 Explain the different basis for overhead