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!
Steps of Graphic Analysis
There are four steps in using graph paper to study cost-volume relationships:Step 1: Compute the scale which you will use:
Volume is considered as the independent variable and will be graphed on the horizontal axis. Cost is considered as the dependent variable and will be graphed on the vertical axis. The scales on two axes do not comprise to be similar. Though, on each axis one block should symbolize the same quantity of change as every other block of the similar size on that axis. Each scale must be large adequate to allow analysis, and small adequate to allow the graphing of all available data and predictable data estimates.Step 2: Plot the accessible cost-volume data:
Determine the volume specified for one of the data points on the horizontal axis. Now draw an imaginary vertical line from that point. Find the associated cost on the vertical axis and draw an imaginary horizontal line from that point. The point where two lines intersect symbolizes the cost for the given volume. (When you do not feel comfy with imaginary lines you might draw dotted lines to put the intersection.) Replicate this step for each data point.Step 3: Fix a straight line to the data:
In this part of text, all data points will fall on a straight line. All that you contain to do to fit a straight line is attach to the data points. Most of the analysts use regression analysis to fit a straight line whenever all points do not fall on the line.Step 4: Predict the cost for a specified volume:
Draw an imaginary vertical line from offered volume to the point where it intersects the straight line which you fit to the data points. Then move horizontally till you intersect the vertical axis. That point is the graphic approximation of the cost for the specified volume of the item.
Coefficient of Determination (r 2 ) If the regression line calculated by the least square method were to fit the actual observations perfectly, then all observed points would l
How marginal costing would improve the problems faced in absorption costing on manipulation of profits.
what are the stages of operational research
Using one of the companies from DQ 1, describe how inventory planning and accuracy can be defined using the Pareto principle. The company is Target, Inc.
How costs behave as the level of activity/volume changes. Why an understanding of cost behaviour is important ? Types Variable e.g. petrol, direct materials Fixed e.g.
Consortium Lending: As the financial needs of a single unit are more than a single bank can cater to, then more than one bank comes together to finance the unit jointly spreading
Calculation
Disadvantages of standard costing 1) Difficulty in setting standards: setting of standards in practice extremely difficult and complicated task. First it is not possible to f
Explain product cost Product costs are those costs which are associated with and directly identifiable with the product. In other words, which are assigned to the product are p
When forming a company, the options are sole proprietor, partnership, and corporation. Most choose corporation. Why is the corporate form seen to be best? What rights do the stockh
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