Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Features of Effective Cost Center Framework
During the establishing cost centers, an organization must consider the given points as:
a) Clear definition about the cost center boundaries. It should ensure such there's no overlapping of the boundaries defined in two (2) or more centers and no gaps whereas several aspect of the business that incurs cost is not have in a cost center.
b) A clear link along with the manager responsible so like to hold someone responsible for the costs incurred in a cost centre.
c) Costs must be analyzed into clearly defined categories in order to ensure such planned and genuine expenditure may be analyzed in the similar way.
d) The cost centers must enable the efficient and effective planning; control and directing of the organization's activities, thereby enabling it get its objectives.
9. When in the management process do managers seek an answer to the question "Did we meet our cost-reduction goals for non-value-adding activities?" a. Planning b. Performing c. Ev
Profit Analysis and Cost Volume or CVP Analysis CVP Analysis checks the relationship between profit, activity level and the cost. CVP Analysis assists in a broad range of p
These balances for a company x Raw materials $40,000 Work in process $30,000 Finished goods $60,000 for the current year the company estimated that it would work 150.000 m
The following data is available regarding costs and units: Observation Machine-hours Total Operating Costs January 4,000 $45,900 February 5,000 52,500 March 3,400 44,025 April 4,40
explain the practical application of differential costing with the help of suitable example.
Standard Cost A predetermined cost is representing the ideal or norm achievable through an organization. Standard costs form the basis of a standard cost system used extensivel
what are the purposes of cost accounting information
What is idle time for Fast Moving,Slow Moving,Non Moving, and Dead Stock??? Thanks in Advance. Santosh K Jha
Co-ownership incentive scheme or Profit Sharing Schemes The organization permits for ownership whereby the employees are permitted to own a percentage of the shares in the fir
what is the meaning of classification of cost in relation to variability?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd