Absorption Costing V/s Marginal Costing
Marginal costing applies only those costs to inventory that were incurred when each individual unit was produced, while absorption costing…
Read BBA, BMS, B.Com Syllabus wise Notes
Marginal costing applies only those costs to inventory that were incurred when each individual unit was produced, while absorption costing…
Marginal cost formula helps in calculating the value of increase or decrease of the total production cost of the company…
Managerial Uses of Marginal Costing: (a) Cost Ascertainment: Marginal costing technique facilitates not only the recording of costs but their…
Some of the areas where a cost control is essential in a Business are: (I) Labour (ii) Materials (iii) Sales…
Cost Control is a process in which we focus on controlling the total cost through competitive analysis. It is a…
Value Analysis (VA) is concerned with existing products. It involves a current product being analysed and evaluated by a team, to reduce…
Value Engineering (VE) is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function…
Performance Management Information Systems identifies the accounting information requirements and the types of information systems used; describes and identifies the…
When it comes to a management report, the key areas that you focus on are the profits and losses amongst…
Performance Analysis in Private Sector Organizations describes financial performance indicators; describes non-financial performance indicators; analyses past performance; explains the causes…