Advantages and disadvantages of a standard cost system

Assignment Help Management Theories
Reference no: EM131149875

Define a standard cost and explain what constitutes the components of a standard cost. Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective. Your initial post should be 200-250 words.

Reference no: EM131149875

Questions Cloud

Should the law allow an employer to fire an employee : Should the law allow an employer to fire an employee without a good reason? Conduct research to provide examples to support your position and use your own personal employment experiences when possible
What is an array and how do you create one : What is an array and how do you create one? What is the name of the content provider for accessing media on the phone and on external storage devices?
Identify steps required for implementing a security program : Identify three steps required for implementing a physical and environmental security program. Explain how you would factor risk management practices into the development of the policies you constructed above.
Derive an expression for the force transmissibility : Consider a single-degree-of-freedom system with Coulomb damping (which offers a constant friction force, Fc). Derive an expression for the force transmissibility when the mass is subjected to a harmonic force,
Advantages and disadvantages of a standard cost system : Define a standard cost and explain what constitutes the components of a standard cost. Describe the advantages and disadvantages of a standard cost system and explain under what circumstances a standard cost system is most effective
What is the accumulative cost : entify the Early Start (ES) Early Finish (EF) in weeks, and Late Start (LS) Late Finish (LF) in weeks.- . Identify the critical path.
Find the stiffness of the undamped isolator : An electronic instrument of mass 20 kg is to be isolated from engine vibrations with frequencies ranging from 1000 rpm to 3000 rpm. Find the stiffness of the undamped isolator to be used to achieve a 90% isolation.
Explain the moral issue in this case : Read "Ethical Issues in Business, A philosophical Approach" eighth edition, and answer eight questions. Case (101) WorldCom, Explain the moral issue in this case. Explain how the case should be resolved
Does the investment appear to be satisfactory : Xon will depreciate it using MACRS depreciation The drilling rig has been leased to a firm, which will pay Xon $550,000 per year for 8 years. After 8 years the drilling rig will belong to the firm. If Xon has a 38% combined incremental tax rate an..

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd