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Problem 1
Management accounting is sensitive to management needs; however, it assists the management and does not replace it. Write down in detail the scope of management accounting.
Problem 2
Budgetary control is a strong business tool that helps companies maximizes profits. Explain the characteristics and objectives of a budgetary control system.
Given budgeted figures and actual, then analyses each fixed cost into its components
Explain the Cost accounting: Meaning and definition: Cost accounting is the process of accounting for cost which begins with the incurrence of cost and ends with th
Directing There are number of good plans which are never realized. To realize a plan it requires the initiation and direction of the number of actions. Often, thes
engineering method of cost estimation
Full cost or mark up pricing or cost plus pricing method: In this method the marketer estimates the total cost of producing or manufacturing the product and then adds it a mar
Private sector companies have multiple stakeholders who are likely to have divergent interests.( five stakeholder groups and discuss their financial and other objectives).
Analysis of Each Decision Package This analytic procedure permits the manager of the decision package and its alternatives to assess and validate its operation. Numerous quest
Explain Sales budget A sales budget is an estimate of expected sale during a budget period. A sales budget is known as a nerve center or backbone of the enterprise. The degree
Explain the Methods of pricing The following methods are used for intra company transfer pricing: 1) Total cost method: transfer is made at absorption cost which is the t
How marginal costing would improve the problems faced in absorption costing on manipulation of profits.
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