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OBJECTIVES OF COST ACCOUNTING
1)To help in the development of long range plans by provided that cost data that acts as a origin for projecting data for planning.
2)To make sure well-organized cost control by communicating necessary data costs at regular intervals and thus minimize the cost of manufacturing.
3)Find out cost of activities or products, which is helpful in the purpose of quotation or selling price.
4)To recognize profitability of each process, department ,product, etc, of the business.
5)To offer management with information in association with a variety of operational troubles by comparing the definite cost with standard cost, which discloses the variances or discrepancies.
what are the legal distinctions between a business combination, a merger, and a consolidation.
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DEFINATION
Three oligopolists, A, B and C, produce an identical product, Q. Q is produced under conditions of constant costs, that is, AC = MC = $100. The market demand schedule for Q is:
Direct Labour Efficiency Variances It is the difference between the standard hours allowed for the actual production achieved and the hours actually worked, all valued at THE
OBJECTIVES OF COST ACCOUNTING 1)To help in the development of long range plans by provided that cost data that acts as a origin for projecting data for planning. 2)To make s
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