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Behavioural Aspects of Standards
Budgets and Standards rely heavily on the people who have to work to meet them. Since the detailed nature of standard costing and its involvement along with foremen and production workers, communication is crucial. Production workers frequently view performance review along with a lot of suspicion, whether a cost-conscious, positive attitude is to be developed, after that close attention must be granted to the behavioral aspects of the system. In shortly, variance analysis is often not considered via those being evaluated like a neutral objective and purely technical process. This is since it has subjective and human aspects that in turn affect the employees' behaviour in the organization: These are discussed under the given headings as:
1) Presented below is a list of terms, followed by definitions or descriptions of those terms. a. Cost pool b. Actual cost system c. Cost driver d. Manufacturing diver
Job Costing This is a costing method that is applied when a job or cost unit is relatively of small size, is undertaken to fit the customer's specifications and is of compara
In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is
OBJECTIVES OF COST ACCOUNTING 1)To help in the development of long range plans by provided that cost data that acts as a origin for projecting data for planning. 2)To make s
what is the direct cost
What is idle time for Fast Moving,Slow Moving,Non Moving, and Dead Stock??? Thanks in Advance. Santosh K Jha
what would your answer be to the following problem, please show detailed calculations: The XYZ Company manufacturers Part 123 for use in its production line. The manufacturering co
Direct Material Cost Variances (DMCV) This variance is a general difference in the standard direct material cost and the actual direct material cost. This variance may be prese
sir i want to know the whole procress of costing
Write a mini report in which you "Critically Describe, Aanlyse and Reflect on the Brand Image Extension. This task must include evidence of collection primary data on the same
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