Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
kaizen and managementmanagement has two major components1 maintenance2 improvementthe aim of the maintenance function is to maintain current
what have to focus on traditional standard costing in traditional cost systems focus is to meet standard cost measurement by avoiding unfavorable
what procedure are followed in kaizen costingin brief kaizen costing involves setting a new cost reduction target every month the difference between
explain quality control and total quality control quality control qc circles can be viewed as a group oriented suggestion system for making
suggestion system the suggestion system is as integral part of an established management system that aims at involving employees in kaizen the
stages of the suggestion system1 encouragement in the first stage management should make every effort to help the workers provide suggestion no
explain activities uses through activities based costingin order to correctly associate costs with products and services abc assigns cost to
define activities based costing by horngrenaccording to horngren abc is a system that focuses on activities as fundamental cost object and utilizes
definition of activities based costingactivity based costing is a system that focuses on activities as the fundamental cost objects and uses the
explain support activitiesand production process activity support activities are for example schedule production set up machine purchase materials
explain the terms - cost object and activitiescost object it is an item for which cost measurement is required for example a product or a
determine cost pool and cost driverscost pool it is another name given to a cost centre and therefore an activity cost centre may also be termed
explain the categories of the activity cost driversthe activity cost drivers can broadly be classified into following three categories1 transaction
what is traditional costing in traditional costing overheads are first related to cost centers production and service centres and then to cost object
what are the factors which led to the development of abc1 traditional costing fails to capture cause and effect relationship2 traditional costing
advantages of activity based costing1 it helps understanding the behavior of overhead costs and their relations ship to products services customers
disadvantages of activity based costing 1 it is essentially not the panacea for all ills2 it absorbs a lot of resources3 too much emphasis on
stages in activity based costingthe different stages in activity based costing are listed below and are shown in figure below1 identification of the
normal 0 false false false en-in x-none x-none microsoftinternetexplorer4
activity based costing versus traditional costingfollowing are the main differences between activity based costing system and traditional costing
abc system and service organizationsthe abc system has been taken up as applied to a manufacturing organizations with the same efficiency one basic
abmactivity based managementabm system is primary source of information for am as a part of abm identify value added and non-value added activity and
life cycle costing introductionlife cycle costing as its name implies costs the cost object ie product project etc over its projected life it is used
product life cycleevery product has a life cycle the life cycle of a product vary from months to various years for example in the case of cameras
characteristics of product life cyclethe major characteristics of life-cycle concept are as follows1 the products have finite live and pass by the