Uniform costing benefits
The uniform costing executed? It is beneficial for an organization?
Expert
Uniform costing method is executed due to the following merits:
- A helpful instrument for management manages as the individual performance is evaluated against norms set up for the industry as a entire.
- It keeps away from cut-throat competition.
- Weaker units can take the benefit of the well-organized techniques of production so as to raise their own effectiveness.
- The accomplishments in development and research programmers might be distributed through the superior units with the lesser units.
- Provides the most excellent cost control system or cost appearance in the whole industry.
- It helps out in enlightening the fewer informed units concerning the cost accounting techniques.
- It allows a proportional appraisal between the two sectors.
- It assists the government in changeable prices of vital and imperative items.
- It assists in price fixation.
- It makes simpler the work of wage boards to fix least amount and fare salaries for a firm.
- It assists trade organization in consulting the government in the trade issues.
A bank quotes an interest rate of 13.5% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?
The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance %
Describe how country may run an overall balance of payments deficit or surplus.
Identify and elucidate three meso- and/or macro-level theories about deviance.
Write down disadvantages and advantages of maintaining the multiple manufacturing sites as the hedge against exchange rate exposure.
Explain the difference between consensual crimes and conflict crimes, and give three examples of each.
Specify some of the methods taxing authorities utilize to remove or diminish evil of double taxation?
How translation gains and losses are handled differently as per current rate method as compared to the other three methods, which is, monetary/nonmonetary method, current/noncurrent method, and the temporal method?
Explain about random walk model for exchange rate forecasting. Will it be reliable with the technical analysis?
1. Somerset Ltd manufactures components for the motor industry. In one of its workshops it has three workers, Joe, Jack and Jonny, who at any one time work on batches of the same component. The standard time allowed to produce one unit is one hour. The workers rate of pay is
18,76,764
1947688 Asked
3,689
Active Tutors
1432887
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!