Discuss in which direct labour costs can be controlled

Assignment Help Financial Accounting
Reference no: EM132653656

The three major inputs into the manufacturing process are direct materials, direct labour and manufacturing overheads. If the costs of any of these are not controlled, they may inflate the cost of manufacturing. If the selling price of the final output is determined by the market for the product and cannot be increased, the profit margin will be reduced.

Required:

Question 1. Discuss three ways in which a business can ensure that direct material costs could be controlled?

Question 2. Discuss three ways in which direct labour costs can be controlled?

Question 3. Discuss four ways in which a business can ensure that overhead costs could be controlled?

Reference no: EM132653656

Questions Cloud

Why is forecasting important : Why is forecasting important and give an example of a how it will effect sales, service or operations.
Explain the management functions of planning-organizing : Explain the management functions of planning, organizing, leading, and controlling , Also, explain how the functions work together in business.
Leading blockages to individual creative thinking : Evaluate the Mindsets and Paradigms and the Resistance to Change by answering the following questions:
MGT607 Innovation, Creativity & Entrepreneurship Assignment : MGT607 Innovation, Creativity & Entrepreneurship Assignment Help and Solution, Laureate International Universities - Assessment Writing Service
Discuss in which direct labour costs can be controlled : If the selling price of the final output, Discuss three ways in which a business can ensure that direct material costs could be controlled?
Douglas mcgregor two-factor theory : When an organization is growing through tough times, it is very crucial to keep employees motivated continuously. Based on Douglas McGregor's Two-Factor Theory
Impact of supplier-related cost disadvantages : List 4 ways a company could eliminate or reduce the impact of supplier-related cost disadvantages.
What are the benefits of directly involving team members : What are the benefits of directly involving team members in planning, decision making and developing the operational aspects of work
Determine how many units were started during april : During April, 20,600 units were completed and as of April 30, 5,320 units remained in production. How many units were started during April?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Best decision making process to allow for consistency

True or False-While there are a variety of management tools that are available to managers, choosing only one tool is best in the best decision making process to allow for consistency.

  What the consolidated income statement reported

Palomino Corporation purchased land from its 60%-owned subsidiary, What the 2019 consolidated income statement reported a gain on the sale of land of?

  What is the price of the preferred share today

Dividends are paid annually. The required rate of return on the preferred share is 7.3%. What is the price of the preferred share today?

  Pressure amount to be distributed to common stockholders

Andrew's Corporation has 25,000 common shares authorized and 20000 shares were issued and outstanding at year end during the year the corporation's net income after taxes was $50,000 the policy of the corporation has been to declare dividends equal t..

  Claimed as dependent on his parents tax returns

Compute Jason’s taxable income for 2013, assuming that he has $1,000 in wages from working in a grocery store and $2,100 in interest income from some bonds he owns. Jason, age 16, is claimed as a dependent on his parents’ tax returns for 2014.

  Determine the divisional income from operations

Using the data from the Koko Company, determine the divisional income from operations for the A and B regions.

  Why do care as a society about accounting rules

Can show an example of where accounting rules may be applied differently and yet consistent with GAAP? Why is accounting important?

  Determine the cost of checking account deposits

Why might an advertising agency use job costing for an advertising campaign by Pepsi, whereas a bank might use process costing to determine the cost of checking

  How are sales to customers using credit cards recorded

How are sales to customers using credit cards recorded? Please provide reference thank you - Please tell us about sales discounts. Why are they necessary

  How much money do need to set aside each month

You need to have $150,000 for your children's tuition. How much money do you need to set aside each month for this amount to be available in 15 years?

  Determine what amount of sales tax liability

Alpha Company records all sales at the register with amounts that include 8% sales tax. During November 2016, total sales at the register were recorded as $706,320. Use this information to determine what amount of sales tax liability that Alpha Compa..

  General fund operating budget and operating transactions

Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30, 2017. Calculate and show in good form the amount of available appropriation in ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd