Business management, Cost Accounting

Assignment Help:

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.


Related Discussions:- Business management

Traditional Costing System and Job Order Costing System, Hello, I''m curren...

Hello, I''m currently doing a research on a company and planning an Activity Based Costing system since the company is using Traditional Costing system to allocate the overhead to

Draw the optimal expansion path of the firm, A firm uses capital and labor ...

A firm uses capital and labor to produce a single output good. The production function is given by F(K, L) = K 2 L where K is the amount of capital and L is the amount of labor em

Labour Costs and Overhead Costs, Labour Costs and Overhead costs Labo...

Labour Costs and Overhead costs Labour Costs Labour costs can be indirect or direct labour costs. Direct labour cost refers to wages paid to workers who such are directly

Question, mojor elements of cost sheet

mojor elements of cost sheet

Differential costing, explain the practical application of differential cos...

explain the practical application of differential costing with the help of suitable example.

Engineering method of cost estimation, Engineering Method of Cost Estimatio...

Engineering Method of Cost Estimation This method is based on a detailed study of each operation whereas careful requirement is made for materials, labour and equipment essent

Calculate the break-even level of sales, Me ole cock spaniel plc. makes 3 p...

Me ole cock spaniel plc. makes 3 products, details as follows:   Apples (£)       Pears (£)         Cockneys (£)   Selling price        60               80

Prepare a spreadsheet of an overhead budget, Prepare a spreadsheet of an ov...

Prepare a spreadsheet of an overhead budget for the company in Problem 5 on page 216 of the textbook. You have been running a construction company out of your home with your spouse

Example of methods of allocating service costs, Example of Methods of Alloc...

Example of Methods of Allocating Service Costs Suppose the following data: User department Unit of Service Provided Costs Prior to Service Dep

Direct material, Flying High Company manufactures model airplanes. During t...

Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheet

Write Your Message!

Captcha
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