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Business Management
Business Management includes planning and staffing, organizing, directing and controlling an organization's activities so like to meet a specified objective, generally profit maximization. The function of managing activities of business is entrusted to the managers of the business. For the managers to maximize profits, they should minimize the entire cots of business. Therefore they require tracking all costs like they are incurred and recovered with the organization's activities. To obtain this information as it happens as LIVE, they require an effective an efficient 'information system' referred to like cost accounting. Therefore it will be appreciated such if cost of organization accounting information system fails, so the managers cannot manage it effectively and efficiently.
A manufacturing company wants to package its product in a rectangular box with a square base and a volume of 32 cubic inches. The cost of the material used for the top is $.05 squa
examples of industries using this method
how the NHS might use ABC to (a) produce ‘product costs’ for services, and to (b) evaluate the internal efficiency, quality and profitability per product or service line. Both bene
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Describe the ways in which the needs of internal and external users of accounting information are the same and different.
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Break-even analysis can be used to work out either a break-even volume or revenue, as per given a multiple product scenario. This is achieved using 'average contribution per unit'
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