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Explain standard costing according to backer and Jacobsen
According to backer and Jacobsen, standard cost is the amount the firm to measure the variation from standard costs their comparison with actual costs and the analysis of variance to their causes and points of incidence.
The terminology of cost accountancy defines standard costing as the preparation and use of standard cost their comparison with actual costs and the analysis of variance of their causes and points of incidence.
Cash is a significant current asset for the operations of business. Cash is the fundamental input that maintains business running smoothly and continuously. In excess of cash and l
It is a spontaneous source of finance that is commonly extended to business organization depending on the custom of the competition and trade prevailing within the organization and
Cyclic Chains: In Markov Chains the current state of the system depends on all previous states. It is a stochastic process. Sometimes transition probability matrices are diff
Cost Behavior A firm's cost position results from the cost behavior of its value activities. The cost behavior is based on a number of structural factors which influence cost
Types of Non-Controlled Variables a) Parameters: These are input variables that for a given simulation have a constant value. They are factors which help specify the relat
opening stock unit were 8500 and closing stock units were 6750.frofit of 61200 using managerial costing.fixed overhead absorbed rate was 3 pr unit.what is the profit using absorpti
Decision-making is an integral part of all management functions. It is the process of choosing the among alternative courses of action. Managers have to
Explain what is meant by traditional costing system. Support with example.
The other source of spontaneous short-term financing is the accrued expenses which arise by the general conduct of business. An accrued expense is an expense which has been incurre
Question 1: i) Explain the process of financial intermediation and discuss the existence of banks. ii) Examine the implications of the existence of financial intermediarie
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