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State the factors of CVP
The three factors of CVP analysis I e cost volume and profit are interconnected and dependent on one another . for example profit depends upon sales selling price to a large extent depends upon cost and cost depends upon volume of production as it is only the variable cost that varies directly with production whereas fixed cost remains fixed regardless of the volume production . in cost volume profit analysis an attempt is made to analysis the relationship between variation in cost with variation in volume .
Case Study Labor standards Geeta & Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The company is conside
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QUEUING THEORY When limited facilities fail/delays to satisfy demands made upon them, problems occur which generate queues or waiting lines. Illustrations are: • Customers
x+2y+3z=6 2x+4y+z=7 3x+2y+9z=14
Disadvantages of zero base budgeting 1) It is not suitable for all the activities in an organization 2) It has limited application in a profit making organization. In this c
Planning Planning is the fundamental function of the management by means of which the managers decide: What goals are to be accomplished How they will be accomplished.
State (or select) the dependent variable (Y) Will the CER be employed to estimate price, labor hours, cost, material cost, or some other measure of cost? Will the CER be employ
I am part of a marketing group, and we are working on a project for a local cable company,they currently serve 3,200 customers and sell 50 wireless boxes a month,what I need to do
Organizing (1) It is the establishment of the framework within which the required activities are to be performed and the designation of who should perform such activities. It inc
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
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