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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 .
Explain Kaizen costing It is a Japanese method used to manage cost during a product s planning and design stages and has been used by some Japanese firms for over twenty years
depreciation,depletion and amortisation
Implementation of the Decisions Once alternative courses of action have been chosen, they must be implemented as part of the budgeting procedure. The budget is a financial plan
What is Sunk cost A cost has been incurred in the past or sunk in the past and is not relevant to the particular decision making, is a sunk cost. If it is decided to replac
Creditors turnover ratio ( or payables turnover ratio) Meaning: this ratio establishes a relation ship between net credit purchases and average trade creditors. Objective
what is master budget?
WHAT IS THE NPV OF ADOPTING THE LOCKBOX SYSTEM
distinguish between cost unit and cost centre
Your manager has informed you that the company is trying to determine if it should use a periodic system or a perpetual system in accounting for the inventory. He wants you to spea
The significant functions of a treasury department are as given below: a) Setting up corporate financial goals Financial strategies and aim Treasury and financial po
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