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
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Outputs: Any product or service formed from the consumption of resources. This can comprise information or paper work produced by the completion of the tasks of an activity.
discuss the limitations of human relations approaches to management
Write a short note on why wealth creation is a longer-term concept?
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Cash coverage of growth A financial A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
Job Costing: It is an order-specific costing method, utilized in situations where each job is distinct and is executed to the customer's specifications. Job costing includes keeping an account of direct and in-direct costs. Q : Why you want to be an accountant Why Why you want to be an accountant? Normal 0 false
Why you want to be an accountant? Normal 0 false
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Write down a short note on the Allocating resources in decision making process?
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