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Motivation - Behavioural Aspects of Standards
Variance analysis and standards setting requires to be carried out like it motivates managers and other employees. It should not create adverse and resentment reactions. To achieve motivational effects, the process should be like:
1. Participative
2. One that encourages responsibility and initiative;
3. One that is not seen like a mere pressure device
4. Should be objective and uniformly applied to all
5 .Carried out in time.
6. One that provides fair feedback to the employees, pointing out areas of negative and positive performance.
7. Well linked to the penalty- reward system that is the positive performance is rewarded while negative performance is punished or accurate to enhance positive performance.
Limitations of Marginal Costing
Describe the concept of full cost recovery with illustrative examples.
preparation of costsheet
You sell a machine for $600,000. You allow the client to pay 1/3 at the time of the sale and 1/3 at the end of year one and 1/3 at the end of year two. The company earns 10% on ass
Compute Over and Under Absorption of Variable and Fixed Overhead A company has a machine cost center for that the given information is available as a) Budget i. Budget
How many pounds of guava puree are required? a. In a month? b. How many in a year? In computing the Total Landed cost for mango concentrate, we are interested in the incre
You are provided with the subsequent information relating to Cello Ltd. The accountant is currently preparing the budget for the next three months ending 30 June 2010.
what are the concept and objectives of cost accounting?
ANGLE OF INCIDENCE: It is an angle that is created when the entire sales line intercepts the entire cost line from below in the breakeven chart. It is inferred that higher the an
It is the year 2012. The Chief Executive of XYZ Systems Plc, a growing firm in the telecommunication sector, has called your team for an important meeting. "We are expanding": he s
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