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Acceptance and Allocation of Resources
Managers, subsequent a review and analysis of all decision packages, will establish the level of resources to be assigned to each decision package. Managers at various levels of responsibility in the organization generally perform the review and analysis. At times, the executive levels of management may need the managers of the decision packages to revise and resubmit their decision packages for extra assessment and analysis.
Carrying costs of inventory These are costs incurred because the firm has decided to maintain inventories. They generally consist of: • Stock-out costs • Insurance co
Explain the main purpose of cost centre The main purpose of cost centre is two fields. 1. Recovery of cost: costs are collected, classified into two field in respect of
differentiate between multiple product, selling product and margin managent
solution.
Sources of Working Capital Finance Working capital finance may be classified in the subsequent: Spontaneous Source of Finance Finance that naturally arises in
Organizing (1) It is the establishment of the framework within which the required activities are to be performed and the designation of who should perform such activities. It inc
Definition of Linear Programming What is Linear Programming
Explain the concepts of costs. A cost accountant is mainly concerned with the following cost concepts. 1. Concept of objectives: it is this concept that gives direction to
reasons for favourable or adverse variances i.e. prise usage, mix, yeild
Explain variable cost and fixed cost Variable costs: costs that vary almost in the direct proportion to the volume of production are known as variable costs. The examples of
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