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Classification and computation of variances
The computation and analysis of variances is the main aim of standard costing. The variance is the difference among the standard performance and the actual performance. Where variances recorded are unfavorable the concerned departmental head is help responsible. For it and he is asked to take corrective action into the matter. For adverse material price variance the purchase manager is sounded; and same for material usage variance the production manager is asked for a control over the similar.
discuss the applicability of an operating cycle in vegetable growing in a low developed country like Uganda- Africa
Determine the cost according to normality According to normality: under this category cost may be categorized as follows: Normal cost: it is the cost which is normally i
Implementation of ABC analysis The following steps are included in implementing the ABC analysis: 1. Categorize the items of inventories, establishing the expected use in un
Phases of product life cycle The life cycle of a product having of four phases viz., introduction growth maturity decline during introduction phase a product is launched into
Participative Budgets In this approach to budgeting, budgets are developed by lower level managers who then submit them to their superiors. The budgets depend on the lower level
How might a company use regression results to manage overhead costs?
REGRESSION ANALYSIS A regression equation identifies an estimated relationship between a dependent variable (the cost) and one or more independent variables (the cost driver).
i want to get the answer for exercises 2.1 and 2.2 on strategic and tactical decisions
A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and
Material storage Sophisticated mathematical models to control economic buying, and systems control the flow of material may all be for naught if the obvious-efficient storekeep
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