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Advantages of Simulation
1) It can be used in areas where analytical techniques are not available or would be too complex.
2) Constructing the model inevitably must involve management and this may enable a deeper insight to be obtained into a problem.
3) A well-constructed model enables the results of various policies and decisions to be examined without any irreversible commitments being made.
4) Simulation is a cheaper and less risky than altering the real system.
5) Can be used for training decision makers.
Discretionary fixed costs and Semi variable costs Discretionary fixed costs are those which are incurred as a result of management discretion. These costs have two importan
EMERALD LTD is planning an expansion programme,which will require Rs 30 crores & can be funded through one of the following 1.issue further equity share of Rs 100 each at par.
Advantages of Simulation 1) It can be used in areas where analytical techniques are not available or would be too complex. 2) Constructing the model inevitably must involve
#quesXERCISE 3-15 Departmental Overhead Rates [LO1, LO2, LO3] Diewold Company has two departments, Milling and Assembly. The company uses a job-order costing system and computes a
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Conceptual understanding: defining in identifying relevant information Business application - Dave burgers is in the fast food restaurant business. One component of it's market
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