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!
Zero-Base Budgeting
Zero-Base Budgeting (ZBB) was first developed and introduced for business by Peter A. Pyhrr. From this starting ZBB has been explored and adopted by many other businesses. The principle behind ZBB is that each cost centre budget should be made from ‘scratch’ (a zero base). It starts from the basic assumption that the budget for the next year is zero and every process/expenditure must then be justified fully in order to be included in next year’s budget. ZBB is useful for discretionary costs. In ZBB there should be a positive attempt to eliminate inefficiency and slacks from current operations.
The development and implementation of the ZBB model requires managers and others in the organization to engage in several main preparations, analytic and decision-making procedures. These major processes of ZBB include the following:
Cost concept . techniques of costing . absorption costing
It is the most practical way of estimating working capital needs. In such method, the finance manager gets ready a working capital forecast. While preparing such forecast, firstly
Decision Making Environment There are four main environments within that decisions can be done. These are: • Certainty • Risk • Fundamental uncertainty • Compet
stetment
) Allgood Inc. has fixed costs of $480,000. It has a unit selling price of $6, unit variable cost of $4.50, and a target net income of $1,500,000. HOW TO COMPUTE
Explains how activity –based techniques can be used to improve performance
Given budgeted figures and actual, then analyses each fixed cost into its components
Question : (a) A company manufactures and sells two products A and B. Presently, it sells 600 units of A and 400 units of B at a price of £24 and £19 respectively. The unit
Seasonal Variations : Commodities along with seasonal demand results in raised level of working capital requirement. It could be offset through scaling down operations throughout t
Transportation model In the obvious sense, the model deals with the determination of a minimum cost plan for transporting a single commodity from a number of sources (e.g. factor
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