Significance of management accounting


Question 1:

Illustrate out the significance of management accounting.

Question 2:

Make a distinction between budgetary control and standard costing.

Question 3:

Illustrate out drawbacks of marginal costing.

Question 4:

Illustrate profit volume ratio. A company manufactures and sells 60,000 units of product at a variable cost of Rs.42 each. The fixed costs are Rs.1, 80,000. The selling price is fixed to generate a profit of 33.33 percent on cost. You’re required to compute P/V ratio.

Question 5:

Illustrate out the term ratio analysis. Describe the advantages of ratio analysis.

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Managerial Accounting: Significance of management accounting
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