What is Uncontrollable Cost
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
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.
The duties of each partner: The partners are beneath a fiduciary duty towards one another to: Render true accounts; Account for private gains; and Refrain from competition with the partnership firm.
Why is it significant to encompass a partnership deed in writing? Answer: Partnership deed is significant as it is a document stating relationship of each and every
What do you mean by the term balancing risk and return? Explain in brief?
What do you mean by the term relevance which is accounting information?
Full Cost: The sum of all costs needed by a cost object comprising the costs of activities executed by other entities in spite of of funding sources.
What are the possible broad regions of decision making process where management accounting information is required?
What are the various factors which occurred due to the changing business landscape?
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
Write a short note on selecting strategic options and formulating the plans?
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