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Explain the Shut down cost
A cost which will be still be required to be incurred even though a plant is closed or shut down for a temporary period.
Ffor example the cost of rent, rates, depreciation, maintenance expenses, etc, is known as shut down cost.
Costing Cost accounting can be described as the collection, interpretation of cost and assignment. In succeeding chapters, you will learn about alternative costing techniq
What are the limation of semi variable cost and how to overcome it?
The Value Chain and Cost Analysis The behavior of a firm's costs and its relative cost position stem from the value activities the firm performs in competing in an industry. A me
Important steps of budgetary control There are certain steps which are essential for the successful implementation of a budgetary control system. They are as follows: 1) Or
MOTIVES FOR HOLDING INVENTORIES If production and delivery of goods were instantaneous, there would be no need for inventories. However in reality, the manufacturing and purcha
identify and explain the many classification of costs for planning, control.performance evaluation and decision making.
definition and illustrations
Traditional budgeting vs. zero base budgeting 1) Traditional budgeting is accounting oriented. Main stress happens to be on previous level of expenditure. Zero base budgeting m
dentify and explain the many classsification of cost for planning,control,performance evaluation and decision making
Cost oriental pricing policy Cost of production of a product is the most important variable and most important determinant of its price. There may type of costs such as-fixe
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