Reference no: EM13886057 , Length: 2000 words
Q 1. Differentiate management accounting and cost accounting
Q 2. Critique cost behavior as applied in manufacturing firms.
a) Should we reduce selling prices to sell more units?
b) How will costs and revenue change if output increased?
Q 3. With appropriate illustration, discuss cost statements determining the prime cost, overhead/factory cost, and total cost.
Q 4. With an appropriate illustration differentiate fifo from lifo
CHARACTERISTICS INCLUDE OF FIFO AND LIFO
Q 5. Discuss with illustration break even point analysis
Purpose
Assumption
Limitation
Q 6. Critique the economic order quantity with an appropriate illustration
THE ASSUMPTIONS OF THE EOQ MODEL
THE ASSUMPTIONS OF THE EOQ MODEL
REFERENCES
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