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Difficulties in cost reduction 1) Resistance by employees to pressure to reduce cost usually because the nature and purpose of the campaign has not been properly explained to t
Characteristics of standard costing 1) Flow of information : in a standard costing system cost information flows in a straight forward manner as material is requisitioned and
Optimum Solution From the stand point of implementing the LP solution, the mathematical classification of the variables as basic and non-basic is of no importance and should be
any accounting concept brifely explen
Disadvantages of standard costing 1) Difficulty in setting standards: setting of standards in practice extremely difficult and complicated task. First it is not possible to f
How to calculate POHR for a company
The Nature of Accounting Accounting is process of recording, analyzing, summarizing, and interpreting financial (money-related) activities to allow individuals as well as org
dentify and explain the many classsification of cost for planning,control,performance evaluation and decision making
what areas can linear programming be applied in managerial accounting?
Significance points of Variance The following significant points must be kept in mind: Controllability: Controllability should also influence the decision whether t
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