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Application of zero base budgeting
In the following areas ZBB may be applied:
1) redundant schemes may be discontinued
2) identify the duplicate schemes and merge them into single and useful scheme/activity
3) schemes and services with cost effective alternative may be chosen
4) maintain the same activity but with change in objective
5) Change in periodicity. Instead of yearly vehicle tax collection, life time vehicle tax has been collected in Andhra Pradesh. This reduces the administration cost.
6) Wherever benefit hiring /sub contracting option may be implemented
7) Schemes with subsidy. The subsidy may be rationalized
8) Grant in aid expenditure in respect of education sciences and technology research and development medical and health rural development etc.
9) Computerization
10) Use of ABC analysis
11) Cancellation of posts which are redundant in course of time
12) Elimination of low priority item
can you better explain to me the classification by traceability and the classification by function?
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accepted#Regarding the Overhead costs, these are allocated based on Direct Labor;
Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufact
QUEUING THEORY When limited facilities fail/delays to satisfy demands made upon them, problems occur which generate queues or waiting lines. Illustrations are: • Customers
The advantages and disadvantages of standard costing The benefits for controlling having a standard costing system in operation can be summed up as follows; Cautiously pl
full explaination with diagram
#Explore the behavioral aspects of budgeting#
question:lease accounting implicit rate unknown,20%incremental rate leaseterm 4 years,find implicit rate using trial and error method.i know nothing about trial and error method in
what is management
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