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The costs that are fixed irrespective of manufacture are fixed costs. EX: Rent, Depreciation.
Fix cost is those cost who not alter in any time whether the production done or not it same charge in each organization ex- salary of labor, supervisor factory rent insurance etc.
ANALYSIS OF VARIANCE When the actual are not similar from the standards, variance exists. Variance may be unfavorable or favorable. When the actual cost is more than the standa
The use of standard costs can present a number of potential problems or disadvantages. Most of these problems result from improper use of standard costs and the management by excep
discuss stages of accounting for costs
Goldman Corporation bought a machine on June 1, 2010, for $44,838, f.o.b. the place of manufacture. Freight to the point where it was set up was $282, and $705 was expended to inst
what is the different between Financial accounting and management accounting?
Write a mini report in which you "Critically Describe, Aanlyse and Reflect on the Brand Image Extension. This task must include evidence of collection primary data on the same
#question.ABC Corportaion produces and sell two products. In the most recent month, Product 123 had sales of $33,000 and variable expenses of $15,840. Product 245 had sales of $42,
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
behabioural aspect of standard costing on budget
traditional budgeting systems are incremental in nature and tend to focus on cost centres..explain the weakness of the incremental budgeting system and explain ways of adressing th
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