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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
The F–test The significance of the regression results can be tested by using the F- statistics. The F-statistics is a ratio which compares the explained sum of squares and t
Explain Indirect expanses: These are expanses which can't be directly conveniently and wholly allocated to a specific cost centres or cost units examples of such expanses are h
Explain the cost According to controllability: Controllable cost: this is a cost which can be inclined by the action of a specified member of an undertaking. The organization
Queuing problems There are two main approaches to queuing problems: • simulation • queuing theory formula Where simple situations apply, queuing theory should be used
major ways that these complexities might impact a business
Explain the Objectives of management accounting? 1. Planning and policy formulation: the object of management accounting is to supply necessary data to the management for fo
directing[ budgeting
A firm wants to buy a new machine and the following quotation has been received. Cost of machine US$100 000 Freight and insurance US$5 000 The new machine will last for five
This variable deals along with the granting of credit. On one great all the customers are granted credit and conversely, none of them are granted credit irrespective of their credi
how do i use least squares method to solve semi average problem?
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