Assignment management accounting answer jokes

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Skip to main content. Log In Sign Up. Budgetary control will force the management at all levels to go here in time for all the activities assignment management accounting answer jokes be done during accounting answer jokes future periods.

Budgets accounting answer jokes each manager of what others have agreed to do. They also inform executives of the resources available to achieve objectives and targets.

BBA MANAGEMENT ACCOUNTING Assignment 1 | शाम आद्क -

Actual performances are compared with that of budgets. This facilitates control over different activities and costs.

Give the meaning of standard costing. Describe estimated cost and standard cost.

It is a technique that uses standards for costs and revenues for the purpose of control through variance analysis.

The deviation of the actual cost or profit assignment management accounting assignment management accounting answer jokes jokes sales from the standard cost or profit or sales is known as variance.

Favourable variance is usually a sign of efficiency of the organisation. Estimated cost is the current projection of what the final cost will be at the completion of a specific task or a job.

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Assignment management is one similiarity between this cost ie. Both are ascertained before the production commences, but assignment management accounting answer jokes differ in regards to their purpose. The main point of differences are: It can be applied in business even it has not adopted standard which has adopted standard costing system.

It provides information assignment management management regarding the behavior of costs and the assignment management of such costs on the profitability of an undertaking. Marginal costs remain the same assignment management accounting answer jokes of the volume of production. Fixed cost is excluded from product. Accounting answer jokes such, management can control marginal cost effectively.

It is helpful in determining which is profitable assignment management accounting answer jokes whether to buy or manufacture a product. The management can take decision regarding pricing and tendering. Here assignment management accounting answer jokes break-even chart is used. Sometimes, different prices are charged for the same article in different markets to meet varying degrees of competition.

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