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Times it consists concerned with the determination of the amount of time required to perform a unit of work. It consists of process of observing and recording the time required to perform each element of an operation so as to determine the reasonable time in which the work should be completed.
According to ILO " Time study is a work measurement techniques for recording the times and rates of working for the element of a specified job carried out under specified conditions and for analyzing the data so as to obtain the time necessary for carrying out the job at a defined level of performance.
Q. Show the Cost based approaches - Method of transfer pricing? The pricing of products or services are based on their full or variable (marginal) production cost per unit. Ful
Q. Describe about Interest cover? Interest cover = (Profit before interest and tax (PBIT)/ Interest payable) (no. of times) Interest cover shows the safety of e
Illustrations of internal failure cost The internal perspective may control performance by assessment of internal quality failure. Costs incurred before customer has received
Value proposition and product customer connect of cadbury dairy milk
Q. Illustrate about Asset turnover - performance ratios? Asset turnover = Turnover / Total assets or Capital employed This shows how
Problems of profit based measures - Absolute profit measures ignore the amount of investment in the division e.g. does not look at profit relative to capital employed. -
Q. Show the dimensions of culture ? Dimensions of culture can help management determine Leadership style e.g. if 'high power distance' then autocratic management exp
Limitations of economic value added (EVA) - Not well understood by users of accounts. - Divisions of different sizes cannot be relatively compared. Similarities of EV
Q. Show the Modern methods of budgeting? A flexible budgeting system produces many budgets projecting costs and revenues over different ranges of production or sales volumes.
Question: A large conglomerate with diverse business activities is currently considering whether it should commence Project X and has gathered the following data: Project X
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