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!
What are the factors which led to the development of ABC:
1) Traditional costing fails to capture cause and effect relationship
2) Traditional costing often fails to highlight inter-relationship among activities in different departments
3) Growing dissatisfaction among the working executives regarding traditional costing which is based on averages and estimation.
4) Traditional costing systems are driven by the need to value stocks rather than to provide meaningful product cost.
5) Direct labour has shrunk as a percentage of total cost for majority of manufacturing companies. Still it is most common basis of overheads to products.
6) Overhead cost are no long a mere burden to be minimized. Overhead function such as product design quality control customer service production planning and sales order proceeding are as important to the customer as physical processes on the shop floor.
7) Complexity has increased. Product ranges are wider. Product cycles are shorter and demand for quality is higher.
8) Market place is very competitive.
9) Availability of computer has enhanced requirement for improvement in information gathering technology for advanced decision making to gain competitive advantage.
SIMULATION MODELS Simulation is a method of analyzing a system by experimentally duplicating its behavior. Management accountants can be able to make meaningful inferences conc
Cost oriental pricing policy Cost of production of a product is the most important variable and most important determinant of its price. There may type of costs such as-fixe
Classification of ratio according to significance The ratios have also been classified according to their significance. Some ratios are more important than other and the fir
what is a base of managerial accounting
A firm wants to buy a new machine and the following quotation has been received. Cost of machine US$100 000 Freight and insurance US$5 000 The new machine will last for five
Ask queThe standard cost of chemical mixture ~ PQ’ is as follows: 40% of material P @ Rs. 400 per kg. 60% of material Q @ Rs. 600 per kg. A standard loss of 10% is normally anticip
Disadvantages of participatory budgets They consume more time and therefore are more expensive The advantage of management participation may be negated by failure t
Transportation model Table A more compact method for representing the transportation model than the linear equations is to use what we call the transportation tableau. It is a
given the above data what would the breakeven in units and dollars be if u wanted a necessary after tax profit of $ 36,000 (assume a 30% tax rate ) units __________ ales dollars _
During 2010, Jackson Company estimated that its manufacturing employees would work 80,000 direct labor hours. During the year the company actually worked 75,000 direct labor hours.
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd