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Operation and Design of Cost Accounting Systems
A number of features should be taken into account previously to finalizing the design of a cost and management accounting system. These are like:
a) Business's nature enterprise
b) The accounting methods and techniques that will be of use
c) Type and Volume of information that will be needed
d) The method of recording, communicating and processing information.
Blue sky Company's 12-31-13 balance sheet reports assets of $5,000,000 and liabilities of $2,000,000. All of the book value's are the same as the market values except for land, wh
Constant Gross Margin Rate This method assumes that every product contributes an equal percentage of gross profit for every shilling of sales. It works back from gross margin
Allocation of Joint Costs Whereas two or more products of relatively high value emerge simultaneously from a single process, they are named as joint products. The processes s
contribution per unit 8 fixed cost=800.find B.E.P?
Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department.
Cost accounting as a descriptive or analytical discipline
Commodities to Stock Employ Material Requirement Planning From the Master Production Schedule the manager has determined such the products to be produced. A
how salaries cause cost?
Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read. Post a link to that article wi
Describe the meaning and relevance of interdependence of variances when reporting to managers.
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