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Extensions to Linear ProgrammingIn many real situations the solutions to linear programming models make sense only if they have integer values. Rounding off the linear programming solution to the nearest integer sometimes does not produce a feasible solution. In this particular case, simplex method (or graphical method) can be a limitation. We use linear programming techniques to solve such problems.
What is Direct material cost variance It can be defined as the difference between the standard costs of direct material specified and the actual cost of direct material used.
Bank guarantee is one of the facilities which the commercial banks extend in support of their clients in favour of third parties who will be the beneficiaries of the guarantees. In
Advantages of activity based costing 1) It helps understanding the behavior of overhead costs and their relations ship to products services customers and market segments. 2)
Standard error of estimate (Se) The coefficient of determination r 2 gives us an indication of the reliability of the estimate of total cost based on the regression equation b
cases with solution..
7 feed from control to planning It is realized these days more than even before that management control is primarily a human activity which should focus on how to help individu
Explain Zero bases budgeting According to David humdinger According to David humdinger, ZBB is a management tool which provides a systematic method for evaluating all operation
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Optimum Solution From the stand point of implementing the LP solution, the mathematical classification of the variables as basic and non-basic is of no importance and should be
Intra company transfer pricing A company engaged in production may have several segments division or departments doing production jobs or manufacturing party or fully finished
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