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Explain about Programmed budget
It having expects revenues and cost of various products or projects that are termed as the main programmers of the firm. Such a budget can be prepared for every product line or project showing revenues cost and the relative profitability of the several programmers. Programmed budgets are thus useful in locating areas where efforts may be needed costs and increase. They are also useful in determining imbalances and inadequacies in programmers so that corrective action may be taken in future.
Difference between Direct labour and Indirect labour Direct labour:- Labour which plays an active and direct part in the production of a particular commodity is called di
Markov Analysis It is a way of analyzing the current movement of some system in an effort to predict the future movement of the same system. There are two elements that must be
A firm requires continuously monitoring and controlling its receivables to make sure that the dues are paid on the due date and no dues stay outstanding for a long period of time.
Advantages of kaizen costing 1) Record individual tasks 2) Instantly replay observation 3) Select and use best practice 4) Categorize activities using kaizen terminolo
meaning standard costing
State the Working capital turnover ratio Meaning: this ratio establishes a relation ship among net sales and working capital. Working capital turnover ratio shows the vel
identify and explain the many classification of costs for planning, control.performance evaluation and decision making.
Markov Properties 1) Transition probabilities are dependent only on the current state of the system i.e. provided that the current state is recognized; the conditional probabil
Interpretation of equity ratio As equity ratio show the relationship of owner funds to total assets higher the ratio or the share of the shareholders in the total capital of th
Moore Company uses process costing. The following information was available for October: During October, 1,000 units were started, and costs incurred during the month were
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