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The basic principles of standard costing and variance analysis may be adapted to the needs of relatively new methods of accounting such as activity-based costing and throughput accounting.
Requirements
(a) Describe the core concept behind Activity-based costing insofar as it relates to variance analysis and talk about the manner in which variance analysis must be adapted when in ABC mode.
(b) Describe the core concept behind Throughput Accounting insofar as it relates to variance analysis and talk about the manner in which variance analysis must be adapted when in TA mode.
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I would like to know the solution on this one.
The following information has been prepared for XYZ Ltd by their assistant accountant. The risk free rate of interest on government securities in 2008 is 7.3% Required:
Compute
Behavioural Aspects of Standards Budgets and Standards rely heavily on the people who have to work to meet them. Since the detailed nature of standard costing and its involvem
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