Define Common Cost
Common Cost: It is the cost of resources used jointly in the production of two or more outputs and the cost can’t be directly traced to any one of those outcomes.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
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
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Fixed Cost: The cost which does not differ in the short term with the volume of action. Fixed cost information is helpful for cost savings by regulating existing capacity, or by removing idle facilities. Also termed as Non-Variable Cost or the Constan
Refer to the below data. A budget surplus occurred in year: A) 2. B) 3. C) 4. D) 6. Provide solution of th
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
What are the possible broad regions of decision making process where management accounting information is required?
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
Write down a short note on the developing objectives and plans in decision making process?
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