Classification of costs with examples and
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
Write a short note on the key areas which business objectives want to achieve?
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
Why you want to be an accountant? Normal 0 false
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
Partnership Accounting: A business can be a firm, a partnership, or a solitary proprietorship. The corporation is incorporated at state level. The sole proprietorship is one person in business. A partnership is two or more than two persons with an agr
Q : Main working areas of the Marketing Write a short note on the main working areas of the Marketing department?
Write a short note on the main working areas of the Marketing department?
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