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. Which of the following is a reason why traditional product costing techniques have become obsolete in a lean operating environment?a. More complex accounting is required in a lean operating environment.b. Computerized processes and systems under lean enable direct tracing of many costs.c. Automation has not significantly replaced direct labor hours with machine hours.d. Lean operations have not changed many of the cost patterns associated with traditional manufacturing.e. All of the above apply.
(a) (i) Conversion Value Conversion Value = Conversion Ratio * Stock Price = 22*$40 = $880 (ii) Market Conversion Price Market Conversion Price =
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Standard costing System has the following main advantages or benefits: 1. The process in itself often discloses inefficiencies, because the setting of standards requires a thoro
DEMERITS OF BREAK EVEN POINT 1. It pays no attention to considerations like effect of government policy changes, changes in the marketing environment etc 2. Fixed cost, enti
a factory operates a small canteen but its annual operation has consistently shown a loss:
Variance Analysis and Standard Costing Standard costing is defined with CIMA like a technique that uses standards for revenues and costs for the purpose of control via varianc
A retail dealer in garments is currently selling 24000 shirts annually. He supplies the following details for the year ended 31st December,2007. Rs Selling Price per shirt
what is cost audit? types of cost audit explain
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sums with solution of marginal costing
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