Meaning, Types of Cash Budgets
The Cash Budget is a budget prepared to estimate the cash inflows and outflows during a specific period of time.…
Read BBA, BMS, B.Com Syllabus wise Notes
The Cash Budget is a budget prepared to estimate the cash inflows and outflows during a specific period of time.…
A production budget is a financial plan that lists the number of units to be manufactured during a period. In…
A sales budget estimates the sales in units as well as the estimated earnings from these sales. Budgeting is important…
Following preliminaries should be gone through before a standard costing system is established: Establishment of cost centres Types of standard…
Historical cost is the preferred method of valuing assets because it can be proven. It is easy for a company…
The analysis of factory overhead variances is more complex than variance analysis for direct materials and direct labour. There is…
Need for Marginal Costing Variable cost per unit remains constant; any increase or decrease in production changes the total cost…
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…