Cost benefit approach - terms used in cost accounting, Cost Accounting

Cost Benefit Approach - Terms Used in Cost Accounting

Is the primary criterion for selecting with alternative accounting approaches? There is a direct relationship in a company between the funds management is willing to spend on cost analysis and the amount of time and the degree of reliability needed. If a company needs detailed records along with a high degree of accuracy, managers must given additional money and time for maintaining and compiling cost information.  Managers must only use cost analysis and control techniques while anticipated advantages in helping to achieve management goals exceed the cost.

Posted Date: 2/5/2013 2:00:56 AM | Location : United States







Related Discussions:- Cost benefit approach - terms used in cost accounting, Assignment Help, Ask Question on Cost benefit approach - terms used in cost accounting, Get Answer, Expert's Help, Cost benefit approach - terms used in cost accounting Discussions

Write discussion on Cost benefit approach - terms used in cost accounting
Your posts are moderated
Related Questions
On July 1, 2008, Falk Company signed a contract to lease space in a building for 15 years. The lease contract calls for annual (prepaid) rental payments of $100,000 on each July 1

Example of Profit Volume Graph The summary results of a company are given as: Product                        A B          C

Question P A RT A Borrico ltd manufacture a single product and they had currently introduced a system of budgeting and variance analysis. The subsequent information i

product mix decisions with capacity constraint

Cube Manufacturing began two jobs during May 200X. The company had no beginning inventory. The following information is available:

how does idle capacity effect cost behavior patterns and factory overhead application methods

When firms enter into loan agreements with their bank it is very common for the agreement to have a restriction on the minimum current ratio the firm has to maintain. So, it is imp

The file A1Q1 contains data for the percentage change in the price of 50 shares selected at random from the Australian Stock Exchange. The data refer to the percentage change in th

Describe the meaning and relevance of interdependence of variances when reporting to managers.

Stock control and its Level Management must formulate decisions regarding to the control of stock levels along with a view to minimizing the cost of the company whereas achie