Analysis of Annual Report:
The group member should obtain the annual report of Bahwan Engineering Group (BEC) based in Sultanate of Oman for the obtained data, compute the following for the two most recent years.
– Cost of sales as a percentage of sales.
– General and administrative expenses as a percentage of sales.
– Net income as a percentage of sales.
Operation costing combines characteristics of both job-order and process costing. It is used in those situations where the products have some common characteristics and some individual characteristics. Example of industries where operation costing maybe appropriate include shoes, clothing, jewelry and semiconductors.
Select one of the above products and search how the product is made. Construct a flowchart of the production process. Indicate which steps in the production process would use job-order costing and which steps would use process costing.
*** Words count = 300 words
*** In-Text Citations and References using Harvard style.