Define Support Costs
Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.
Expenditure that increases the dollar amount of fixed assets on the balance sheet. These outlays either increase the value of assets already owned or add additional assets. The payments increase the future benefit of an asset by extending the life of the asset, increa
Write down a short note on determining costs and benefits in decision making process?
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
How have you observed the regulations which affect both your industry and your accounting place?
ACCOUNTING CONCEPTS: Presented below are basic accounting principles or concepts, with which hospital managers should be familiar and that they should understand i
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
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
What is the various information that a manager need to make a decision?
What do you mean by the term balancing risk and return? Explain in brief?
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