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Business Management
Business Management includes planning and staffing, organizing, directing and controlling an organization's activities so like to meet a specified objective, generally profit maximization. The function of managing activities of business is entrusted to the managers of the business. For the managers to maximize profits, they should minimize the entire cots of business. Therefore they require tracking all costs like they are incurred and recovered with the organization's activities. To obtain this information as it happens as LIVE, they require an effective an efficient 'information system' referred to like cost accounting. Therefore it will be appreciated such if cost of organization accounting information system fails, so the managers cannot manage it effectively and efficiently.
explain the different methods of costing
Q. A firm's total cost function is given by TC = 2Q 2 + 10. What are the firm's fixed cost, variable cost, average fixed cost, average variable cost, and marginal cost functions?
Definitions of manufacturing concepts Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used
PROFIT VARIANCES Sales variances are important as they have a direct bearing on profits earned by the organization. thus, they can be used as the basis of determining profit
selection of activity base/level
Support Department Cost Allocations. Riverside Furniture Company manufactures unfinished furniture for sale to retailers. Riverside has two support departments, Maintenance and Hu
Most of David's clients are local. However, a few of his clients require out of town travel. He incurred $2,500 of airfare, $1,570 in lodging and $1,313 in meals relating to the bu
Methods Required To Allocate Joint Costs 1) Physical/Unit Measure 2) Constant gross margin rate 3) Net realizable value.
A company manufactures two products, Product A manufactured in Process Y and Product B manufactured in Process Z. The following information is available for a period:
sales to profit volume ratio for three year
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