MANAGEMENT ACCOUNTING: COSTING AND BUDGETING ------------------------------------------------- Amaya Gamage BM/C/43/32 SUBMITTED TO: Mr. Anuruddha Yapa 30.07.2012 Acknowledgement I would like to express my sincere gratitude to those who helped me to finish this project on Costing and Budgeting. I have taken a lot of effort in finishing this assignment successfully. I express my heartfelt gratitude especially to our lecturer of Management Accounting: Costing and Budgeting module
Premium Cost accounting Costs Management accounting
CAC ASSIGNMENT Milan Dave A-14 Submitted to: Prof. Parag Soni KAIZEN COSTING: DEFINITION: * Kaizen Costing is the process of continuously reducing the costs that occur after a product design has been completed and is now in production. * Here‚ the costs can be reduced by working with the suppliers to reduce the costs in their processes; by implementing less costly re-designs of the product‚ or by reducing waste costs i.e. the costs behind the wastage of time‚ raw material and the
Premium Costs Cost Toyota Production System
Basics Fixed costs Activ. Based Costing Target Cost. Life-Cycle Costing Cost Benchmarking Prof. Dr. P. Weber-Dreßler Stategic Costing.ppt (p. 1) Strategic Costing Strategic Costing Basics Contents Fixed costs Part 1: Basics to strategic costing 1. Traditional costing vs. strategic costing 2. Specifics of strategic costing 3. Tools of strategic costing Activ. Based Costing Target Cost. Life-Cycle Costing Cost Benchmarking Prof. Dr. P. Weber-Dreßler Stategic
Premium Costs Variable cost Management accounting
that could result in seeing more metal detectors at courthouses‚ although there might be more need to use that money to hire additional probation officers. The auditor general of British Columbia ranked Ontario the lowest ratio in terms of probation officers to offenders. In Ontario‚ there are 66 offenders for every probation officer‚ compared to the average of 51. The success of probation programs relies mainly on having enough staff to meet current and future needs in a job that cannot control
Premium Criminal law
management to set more realistic objectives for the future‚ and to make decisions with greater assurance that those objectives will be met. The type of information needed to make useful decisions is not provided by the periodic manufacturing costs and income statement which are generally used because they do not make a difference between those costs that are fixed‚ and those that are variable. As a result‚ management became obligated to rely on the alternative variable costing method which provides
Premium Variable cost Management accounting
Marginal Costing Introduction The Cost of a product of comprises of materials‚ labour‚ and over heads. On the basis of variability they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain constant at all levels of production within a given period of time. In other words‚ a cost that does not change in total but become. Progressively smaller per unit when the volume of production increases is known as fixed cost. it is also called period cost eg. Rent
Premium Variable cost Costs Cost
MARGINAL COSTING [pic] SUBMITTED TO: SUBMITTED BY: Dr. Shashi Srivastav ABHISHEK KUMAR RAI
Premium Variable cost Costs Marginal cost
BACKFLUSH COSTING Definition of Backflush Costing : A streamlined cost accounting method that speeds up‚ simplifies‚ and reduces accounting effort in an environment that minimizes inventory balances‚ requires few allocations‚ uses standard costs‚ and has minimal variances from standard Product costing approach‚ used in a just - intime (jit) operating environment‚ in which costing is delayed until goods are finished. Standard costs are then flushed backward through the system to assign
Premium Inventory
and technology‚ hydraulic mining machine has become more and more popular in mining processing. In order to be able to reach the world advanced level‚ we have to recognize the difference‚ and constantly improve their standards. How is about hydraulic mining machine? Advantages of hydraulic mining machine: 1. High production capacity‚ 2. Easy maintenance‚ 3. Stable performance‚ 4. Low consumption. 5. Equiped with hydraulic system of safety oil cylinder and lock oil cylinder. Automatic
Premium Mining Machine Hydraulic engineering
We Need More Women in Power All the time women had been underestimated in societies. Their jobs were only to be a house wife. Also they were not allowed to be educated. In other words‚ they were convinced that this is men’s world. But in the last three decades‚ women have proven themselves that they have limited abilities in every field. Their achievements in business‚ politics and communities made people change their minds towards women. For this reason‚ we need more women in power to work
Premium Higher education Woman Power