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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.
Contract Accounts It is a separate account such is maintained and opened for every contract undertaken for the reasons of accumulating cots. Every contract is given a number
Example of Over and under absorption of production overhead costs By employing data from diagram assume such the production overhead absorption rate was computed where an acti
Describe the meaning of the fixed production overhead variances calculated under the standard absorption costing system and talk about their usefulness to the management of X Ltd.
The Integrated Management Project is to be based on an organisation, a strategic business unit, or profit centre that has good potential for growth and development. The brief is to
Hello, I am writing a report about a contemporary management accounting issue, and i can''t really seem to understand the guidelines well. What kind of topic can i use to write a
what are the material management questions
Three of the cost items that are included in the production overhead for a factory for a period are: Machine maintenance labour $33,600 Power
Absorption Costing and Marginal Costing Product costs are costs identified along with goods produced or purchased for resale. That costs are initially identified like part of
1. Develop a list of tasks that a newly appointed CFO would be responsible for, including relevant reports they will access and review and the schedule for when this would occur.
How to fix price in times of competition
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