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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.
Elements of Non - Manufacturing costs Non-Manufacturing costs are costs incurred via all activities such support the production of services and goods. They are selling costs
TYPES OF VARIANCES Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance 1. Direct labour variance 2.
Determine the Joint Cost A company produces three products, Y1, Y2, and Y3 in the similar process. The data below reflects average monthly results as:
Most corporations pay quarterly dividends on their common stock rather than annual dividends. Barring any unusual circumstances during the year, the board raises, lowers, or mainta
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