Define Actual Cost
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
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
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The increase in value that the owner of a capital asset receives when the asset is sold. The owner pays tax on that gain or increases, at a lower rate if the assets that are sold are capital asset, such as factory buildings, rather than assets that are sold in the nor
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
Assignment 1: A adjusted Trial balance table given below: Southwest Business School Q : Changing business landscape What do you What do you mean by the term changing business landscape?
What do you mean by the term changing business landscape?
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