Cost accounting deals with ascertainment ‚ allocation ‚ apportionment accounting aspect of costs.Management accounting deals with the effect and impact of costs on the business. 2. Cost accounting provides a base for management accounting whereas management accounting is derived from cost accounting and financial accounting. 3. Cost accounting does not include financial accounting ‚ tax planning and tax accounting. Management accounting includes financial and cost accounting ‚ tax accounting
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activities; c. Productive activities‚ such as finished goods transportation‚ storage‚ customer contact‚ order processing‚ etc. d. Sales activities to let customers understand and buying of goods‚ such as advertising‚ promotion‚ marketing agency costs‚ etc; e. Service activities‚ including training‚ repair‚ maintenance‚ components renewal etc‚ aiming at improving the added value of products. Auxiliary activities: a. Procurement activities‚ to refer to the purchase of used in enterprise value
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Benefits of implementing HACCP Recent studies in the UK and Europe found that the use of HACCP is widespread in larger food companies but is limited in small companies. The meaning of the term “small and/or less developed businesses” (SLDBs) are businesses that lack of technical expertise and economic resources due to their sizes and encounter problems in implementing HACCP in their food business. The term “less developed business” refers to the status of the food safety management system and not
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CREATING BARRIER FREE ENVIRONMENT IN OUR COUNTRY FOR PEOPLE WITH DISABILITY- A MYTH OR REALITY Many times in our life‚ from our mind and our thoughts‚ very simple yet very important issues gets a narrow escape. One of them is about creating a barrier free environment for people with disability. Everyday in our life we see disabled people struggling with their daily activities to get it done which otherwise seems very easy to be done. Negotiating dense traffic and hazardous street infrastructure
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different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
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popular rational comprehensive model or “the Root”‚ should be aware by modern policy makers. He thinks that the Muddling Through can help solve any complicated problems while confirms that the rational model can’t do that. Lindrom provides two scales representing the rational comprehensive method s and the successive limited comparisons – rational model aims to achieve perfect policy while the root targets to relative policy - ‚ and then to protect his argument‚ he refutes a model of the root with step-by-step
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Describe the schedule of cost goods manufactured. How does it tie into the income statement? 5. Why are product costs sometimes called inventoriable costs? Describe the flow of such costs in a manufacturing company from the point of incurrence until they finally become expenses on the income statement. 6. Is it possible for costs such as salaries or depreciation to end up assets on the balance sheet? Explain. 7. “The variable cost per unit varies with output‚ whereas the fixed cost per unit is constant
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One of the questions that I have pertaining to creating an annotated bibliography in APA format is whether or not the explanations and paragraphs of each reference should be indented the same as the reference. As I was reading the annotated bibliographies samples in the Purdue Online writing lab‚ I have noticed that the paragraphs under the references are flush with the indentation of the reference and the first sentence of each paragraph is not indented (OWL‚ 2009). However‚ as I was reading this
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clearances could be taken. c) Indian opened its market in 1991 and by 1998 it should have such a policy already in place to avoid unnecessary delay. This is an example of inability to predict the future business opportunities. Global Environment a) The global environment is very much competitive. There are companies which will take away the chance in just a blink of an eye. b) The policies are company friendly and it allows companies to acquire other companies abroad seamlessly.
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lub Background Cost Club is a growing retailer‚ similar to Super Wal-Mart or Target. It provides discount merchandise and supermarket products in large stores located in many areas of the United States. Cost Club is administratively organized into regions‚ and each region is permitted to develop its own operational policies‚ as long as the bottom line of low cost and reasonable service to customers is maintained. There are many strong competitors to Cost Club‚ with some regions experiencing more
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