Allocating resources in decision making process
Write down a short note on the Allocating resources in decision making process?
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Allocating resources: Resources accessible to a business are restricted and it is the responsibility of managers to try to make sure that they are employed in an efficient and valuable way. Decisions regarding such matters as the optimum level of output, the optimum mix of products and the suitable kind of investment in new equipment will all need management accounting information.
Write down the different techniques employed to liberate the function of management accounting?
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
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What are various methods to assign support cost?
The process of testing a new software program using actual data and comparing the results to the alternative soft wares. The alternative can be new software or the organization's existing system. The test should be examined the software's accuracy and efficiency.
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
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Common Data Source: All of the programmatic and financial information available for the cost, budgetary, and financial accounting processes. This comprises all financial and much non-financial data, like environmental data, which are
What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P
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