Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Explain the Cost accounting:
Meaning and definition:
Cost accounting is the process of accounting for cost which begins with the incurrence of cost and ends with the control of cost. In other worlds it is a formal systems of accounting by means of which costs of products services or activities are ascertained and controlled. The institute of cost and management accountants London defines costing as the techniques and process of ascertaining costs.
The institute of cost and management accountants, London has define cost accountancy as the application of costing and cost accounting principles methods and techniques to the science art and practice of cost control the ascertainment of profitability. It includes the presentation of information derived therefore for the purpose of managerial decision making.
The ICMA London has defined cost accounting as the process of accounting for cost which begins with the recording of income and expenditure and ends with the preparation of periodical statements and reports for ascertaining and controlling costs.
Adjacent extreme points differ in only one variable The first observation indicates that we can identify the extreme points of the solution space algebraically by setting zero as
Cost oriental pricing policy Cost of production of a product is the most important variable and most important determinant of its price. There may type of costs such as-fixe
explain strategy asa an organisational process
A firm wants to buy a new machine and the following quotation has been received. Cost of machine US$100 000 Freight and insurance US$5 000 The new machine will last for five
State Material price variance Difference among standard price and the actual price of the material is the material price variance. This variance arises because of various facto
Computation of Working Capital Required 1. Operating Cycle Period = M+W+F+D-C = 101.38 +2
The significant functions of a treasury department are as given below: a) Setting up corporate financial goals Financial strategies and aim Treasury and financial po
A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and
???? ????? ???? ???? ??????? ???? ??????? ??????? ???. ???? ?????? ?????? ?????: (?) ??????? ??????? ??????? ????? ?? ????? ????? ?? (?) ???? ??????? ??????? ?? ???? ???? ????? ?
Transfer Pricing Transfer pricing can contribute directly to the process of departmental performance measurement and indirectly to the measurement of product performance. A
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd