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!
Steps of Graphic Analysis
There are four steps in using graph paper to study cost-volume relationships:Step 1: Compute the scale which you will use:
Volume is considered as the independent variable and will be graphed on the horizontal axis. Cost is considered as the dependent variable and will be graphed on the vertical axis. The scales on two axes do not comprise to be similar. Though, on each axis one block should symbolize the same quantity of change as every other block of the similar size on that axis. Each scale must be large adequate to allow analysis, and small adequate to allow the graphing of all available data and predictable data estimates.Step 2: Plot the accessible cost-volume data:
Determine the volume specified for one of the data points on the horizontal axis. Now draw an imaginary vertical line from that point. Find the associated cost on the vertical axis and draw an imaginary horizontal line from that point. The point where two lines intersect symbolizes the cost for the given volume. (When you do not feel comfy with imaginary lines you might draw dotted lines to put the intersection.) Replicate this step for each data point.Step 3: Fix a straight line to the data:
In this part of text, all data points will fall on a straight line. All that you contain to do to fit a straight line is attach to the data points. Most of the analysts use regression analysis to fit a straight line whenever all points do not fall on the line.Step 4: Predict the cost for a specified volume:
Draw an imaginary vertical line from offered volume to the point where it intersects the straight line which you fit to the data points. Then move horizontally till you intersect the vertical axis. That point is the graphic approximation of the cost for the specified volume of the item.
Explain about Office and administrative expenses These expenses are not related to factory but they pertain to the management and administration of the business. Such expenses
Question 1: i) Explain the process of financial intermediation and discuss the existence of banks. ii) Examine the implications of the existence of financial intermediarie
Cost Analysis purposes For purposes of cost analysis, the desegregation of the generic value chain into individual value activities should reflect three principles that are not
advantage and disadvantage of incremental budget
Illustration of Graphic Analysis The four steps of cost-volume-profit analysis can be employed to graph and study any cost-volume relationship. Suppose that you have been aske
Prepare an estimation of working capital needs from the subsequent information of a trading relates with: (a) Projected Annual Sales 1,00,000
.1 You are the Management accountant of an industrial concern and have been assigned the duty of preparing a cost accounting system. Initially it has been decided to prepare three
Planning Planning is the fundamental function of the management by means of which the managers decide: What goals are to be accomplished How they will be accomplished.
Project C would involve a current outlay of $50,000 on equipment and $15,000 on working capital. The investment in working capital would be increased to $21,000 at the end of the f
Benefit of product life cycle costing The benefits of product life cycle costing are summarized as follows: 1) The product life cycle costing results in earlier actions to g
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