Define Cost Accounting Practice
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.
Write down a short note on the benefit of economic in accounting management information?
Activity-Based Costing: It is a cost accounting process that measures the cost and performance of process related activities and cost objects. It assigns cost to cost objects, like products or customers, based on their utilization of
Briefly define the term Strategic management and also state the reason why it is designed?
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
Briefly list out the main users of the accounting information which are related to the business?
The amount of interest that an organization would have avoided if it had not made the expenditures for an asset. Avoidable interest is calculated when an entity is self- constructing an asset. The cost of the asset can include material, labor, and overhead plus some interest. The c
Write down a short note on the Performance evaluation and control in decision making process?
Support Costs: Costs of activities are not directly related with the production. Typical illustrations are the costs of automation support, postage, communications, process engineering, and purchasing.
Normal 0
Please see attached. Do tutors provide assistance as to how they came about their answers?
18,76,764
1931629 Asked
3,689
Active Tutors
1437648
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!