Define Unit Cost
Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
Explain Management accounting as an information system in brief?
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
What are the various Calls in Arrears? Describe it.
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 do you mean by the term changing business landscape?
What does the difference between management accounting and financial accounting suggest?
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
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 : Define Avoidable Cost Avoidable Cost : Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Write a short note on the relationship between risk and return?
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