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Motivation - Behavioural Aspects of Standards
Variance analysis and standards setting requires to be carried out like it motivates managers and other employees. It should not create adverse and resentment reactions. To achieve motivational effects, the process should be like:
1. Participative
2. One that encourages responsibility and initiative;
3. One that is not seen like a mere pressure device
4. Should be objective and uniformly applied to all
5 .Carried out in time.
6. One that provides fair feedback to the employees, pointing out areas of negative and positive performance.
7. Well linked to the penalty- reward system that is the positive performance is rewarded while negative performance is punished or accurate to enhance positive performance.
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
The following information is for the third quarter of this year: Planned Actual Production 92,000 units 87,000 units Direct labor hours 506,800 DL hrs 380,000 DL hrs Fixed manuf
selection of activity base/level
The difference among expenses and expenditure. Expense is the outflow from a profit oriented organization whereas expenditure is the outflow from non-profit organization.
1. A company is considering a project that requires an initial investment of $100 million and will pay $20 million of each of the next 10 years, and nothing thereafter. The company
formula for calculting WACC
process costing new practices
Explanations on the correct fixation of selling price
Understanding the existing capital requirements and how these are financed will assist us in understanding the process of financing of business and the flow of funds inside the bus
Functional Classification of Costs Beneath this classification, costs are classified according to the function they execute in an organization. Costs can functionally be clas
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