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
Briefly define the term Strategic management and also state the reason why it is designed?
What do you mean by the term changing business landscape?
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
Write a short note on the key areas which business objectives want to achieve?
A function of measuring and assigning production costs to determine the unit cost. Actual revenue assigns the real cost of materials, labor, and overhead to ma
What do you mean by the term Comparability which is accounting information?
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
A company's annual report is the single most important way for it to convey itself to potential investors. As such, it should be no surprise tha
What are the key qualities or characteristics which accounting information should possess?
explain how the provision of management accounting information can assist the management of a company with planning, controlling, decision making and communicating
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