Normal Production Levels Under FAS 151

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Normal Production Levels Under FAS 151
Romina, Member
FAS 151 says judgment needs to be used to determine inventory costs under absorption costing. Could you please tell me how would you determine "normal production levels"? Thanks....Sign up

Standarding Cost
EriChan, Student (MBA), China, Member
Focus on standard cost with absorption costing....Sign up

Normal Production Level
Normal production level is a short term concept. For a period, say a year, it can be determined using the average of the two or three years project...Sign up

Fixed Costs Should not Be in Inventory Cost
Jagdish B Acharya, Consultant, India, Premium Member
Overheads and fixed costs pose a big problem for allocation to inventory. By using the wrong formulas we end up having more problems from this inclusi...Sign up

Variable Costing
If fixed costs are considered periodical cost. That is, they are written off during the accounting period; then we will be using "variable costing". I...Sign up


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