Define Activity
Activity: The real work task or step executed in generating and delivering products and services. The aggregation of actions executed within an organization which is helpful for the purpose of activity-based costing.
Explain Management accounting as an information system in brief?
Write a short note on the main working areas of the Routing and personnel department?
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Briefly define how useful is the management accounting information is?
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Write down a short note on the Performance evaluation and control in decision making process?
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
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
Meaning of Reconstitution: Any alter in agreement of partnership is termed as reconstitution of partnership firm. In following circumstances a partnership firm might be reconstituted: A) Alter in Profit Sharing Rat
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