Author: Web Desk2

Crystal-Meth Industry is booming in Afghanistan amidst Economic and Humanitarian Crises. The humanitarian and economic crisis in Afghanistan has forced millions of Afghans to find new sources of income. A growing number of them have turned to the booming methamphetamine industry to eke out a living and stave off starvation. They collect ephedra, a wild herb that is used to make crystal meth, from the mountains and sell it in the cities. The root causes of Afghanistan’s loss of access to food, water, shelter, and health care are almost all economic. Millions of dollars in lost income, spiking prices, and…

In order to set an appropriate sales price for a product, companies need to know how much it costs to produce an item. Just as a company provides financial statement information to external stakeholders for decision-making, they must provide costing information to internal managerial decision makers. To account for these and inform managers making decisions, the costs are tracked in a cost accounting system. While many types of production processes could be demonstrated, let’s consider an example in which a contractor is building a home for a client. Companies list a product’s direct materials on a bill of materials, which…

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