--%>

Explain Value-Added Activity

Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing the quantity, responsiveness, or quality of output needed by a customer or organization. The value-added activities must physically change the product or service in a mode that meets the customer expectations.

   Related Questions in Managerial Accounting

  • Q : Main working areas of the Routing and

    Write a short note on the main working areas of the Routing and personnel department?

  • Q : Management accounting According to

    According to Martin and Steele (2010, p.13), “The two principal professional associations in Australia – CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have indicated their awareness of the significance of issues of sustainability reporting and develo

  • Q : Balloon payment The final payment in a

    The final payment in a partially amortized loan. The balloon payment repay the entire remaining principal and is usually larger than previous payments on the loan. Loan that is set up with balloon payments allow the borrower to make the purchase and have a lower payme

  • Q : What are Arrears What are Arrears ? And

    What are Arrears? And what are the conditions to make Arrears?

  • Q : Determine & Analysis on Income

    The DU Inn The DU Inn is an 80-room hotel located on some mountaintop in Colorado. That has no bar or restaurant &is positioned as a mid-priced, good quality "homey" hotel.  It is open only during

  • Q : Things which Weaknesses comprises Write

    Write a brief note on the things which Weaknesses comprises?

  • Q : Relevance-accounting information What

    What do you mean by the term relevance which is accounting information?

  • Q : Main working areas of the coach

    Write a short note on the main working areas of the coach maintenance department?

  • Q : Management Accounting Project Please

    Please let me know the cost of getting this assignment completed?

  • Q : Explain Activity-Based Costing

    Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of