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Advantages of Imposed budgets
Advantages:
They increase the probability that the organization strategic plans are incorporated into the planned activities.
Disadvantages of Imposed budgets:
Explain the concepts of costs. A cost accountant is mainly concerned with the following cost concepts. 1. Concept of objectives: it is this concept that gives direction to
Outline Five characteristics of relevant cost
Given budgeted figures and actual, then analyses each fixed cost into its components
underlying assumptions of breakeven analysis and the limitations of this.
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The Braggs & Struttin'' Company manufactures an engine for carpet cleaners called the "Snooper." Budgeted cost and revenue data for the "Snooper" are given below, based on sales of
interest rates
The assignment model Consider the situation of assigning m jobs (or workers) to n machines. A job i(= 1,2,3 ...m) when assigned to machine j(= 1,2,3 ...n) acquires a cost Cij.
Customer oriented or perceived value pricing There is an increasing trend to price the product on the basis of the customer's perception of its value. This method takes into ac
Alma and Associates, a new consulting service, recently received a bill for repairs on its computers totaling $2,350. Alma thinks it may have been overcharged and is trying to recr
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