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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.
Illustration: ABC analysis Combine items on the basis of their relative value to form three categories—A, B and C. The data in the table below illustrates the ABC analysis.
1)Prepare a three (3) year forecast of estimated future cash flows for you company and give valid economic/business reasons for your projections. This means you will have a stateme
Strengths and weakness of net book value and pay back method
disadvantages of transfer pricing
Product life cycle Every product has a life cycle. The life cycle of a product vary from months to various years. For example in the case of cameras photocopying machines etc.
Various stages of product life cycle Typically the life cycle of a manufactured product will consist of the following stages: 1) market research : before any investment in
their definitions and the advantages and disadvantages
a certain company makes 3 products A,B and C and they use the same raw material zhong.details about each product is as follows.production units are 10 000 for A,8 000 for B,12 000
The Simplex Method In the graphical solution the optimum solution is always associated with a corner (or extreme) point of the solution space. The simplex method is based funda
X ltd. has a current ratio of 4.5:1 and acid test ratio of 3:1. If its inventory is Rs. 24000, find out its current liabilities.
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