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Participation - Behavioural Aspects of Standards
It has already been pointed out in the previous paragraph such standard costing systems would be more acceptable whether the employees to be evaluated utilizing those standards are included in setting the standards. Participation promotes common understanding concerning objectives and makes the acceptance of organizational goals via the employees more likely. Difference analysis and the control process are assisted also via participation of the employees in the investigation of solutions to the problems that arise. If people are genuinely included, they feel more a part of the team and become highly motivated.
Contract Costing It is a form of exact order costing, which is applied to relatively large cost units that normally get a considerable length of time to complete as an example
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Requirements of Uniform Costing 1. Uniform costing systems must process the given features as: 2. Cost reports and statements should be organized and laid out in a same for
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