Write short notes on the following: (a) Standard costing as tool of management control. (b) Control through
Question:
Write short notes on the following:
(a) Standard costing as tool of management control.
(b) Control through standard costs.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Grace Igiamoh-Livingwater
I am a qualified statistics lecturer and researcher with an excellent interpersonal writing and communication skills. I have seven years tutoring and lecturing experience in statistics. I am an expert in the use of computer software tools and statistical packages like Microsoft Office Word, Advanced Excel, SQL, Power Point, SPSS, STATA and Epi-Info.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
In this question assume that p and q are atomic formulae. (a) Compare and contrast path formulae and state formulae in temporal logic. [4 marks] (b) Describe and contrast the meanings of F(G p) and...
-
software projects failed. In the run-up to Y2K, most of the world's large companies claimed that fixing the Millennium Bug was a large project whose success was critical to their survival. One would...
-
350 Specification and Verification II Explain how a register can be modelled either as a unit-delay, or with an explicit clock input. [4 marks] Describe the relationship between the two models. [4...
-
A three-dimensional elasticity problem of a uniform bar stretched under its own weight gives the following strain field: where A and B are constants. Integrate the strainedisplacement relations to...
-
A firm must decide whether to make a component part in-house or to contract it out to an independent supplier. Manufacturing the part requires a nonrecoverable investment in specialized assets. The...
-
In the dark of night on July 28, 2012, in Oak Ridge, Tennessee, an 82 year-old nun and two Army veterans, ages 57 and 63, cut their way through four layers of fences and reached a building where the...
-
The Howell Corporation has the following account balances (in millions): Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017. (For...
-
Gammaro Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2011: Budgeted manufacturing overhead costs...
-
1 = We know that all the statements [4] Consider the system (0.3)-(0.4) in the particular case f(r) = proven in Problem [3] apply to this case, so for example, we know that c2 7 = - 1 12 (0.6) de and...
-
How do standards and standard costs facilitate managerial planning and control?
-
(a) What are the points of similarity and points of difference between budgets and standard costs? (b) What are the several types of standards and what are the assumptions on which these standards...
-
Consider nodal configuration 4 of Table 4.2. Derive the finite-difference equations under steady-state conditions for the following situations. (a) The upper boundary of the external corner is...
-
a program that prints a pattern similar to the following pattern in the expected output below. Prompt the user for two integers between 1 and 10, representing number of rows and columns and print a...
-
The figure presents the displacements of a cell spread over a substrate patterned with microposts (use the bar to estimate the displacements). The Young's modulus of a post is 2.5MPa, the diameter of...
-
A project management organizational structure defines the hierarchy and authority of project participants. A chart's structure defines each team member's function and the reporting lines that team...
-
topic- Nationalism vs globalization of china 1.An executive summary identifying why the problem/issue warrants analysis and your recommendations. 2. A short introduction to the problem (what, where,...
-
Suppose that a firm has a debt issue outstanding with eight years to maturity that is quoted at 116.5 percent of face value. If the issue makes semiannual payments and is currently trading at a YTM...
-
The jet engine shown scoops in air at A at a rate of 90 kg/s and discharges it at B with a velocity of 600 m/s relative to the airplane. Determine the magnitude and line of action of the propulsive...
-
B.) What is the approximate concentration of free Zn 2+ ion at equilibrium when 1.0010 -2 mol zinc nitrate is added to 1.00 L of a solution that is 1.080 M in OH - . For [Zn(OH) 4 ] 2- , K f = 4.610...
-
Describe the characteristics of a virtual organization.
-
Summarize why managers want to use team structures .
-
Contrast mechanistic and organic structural models.
-
What criteria to consider when selecting an app for partnership to cross promote each other's app on the Google Play Store? Include source.
-
A 1-mm-thin, 10-mm-radius natural uranium disk is irradiated by the 1-MeV neutron flux of 5109 neutrons/(cm2s) for 2 days. Calculate the amount of 238Np in this disk in 8 days after the neutron...
-
Write the code for the following: Modify the program so that the formatted output is shown to the screen and is also written to a text file called `healthResults.txt You will need to open the file...
Study smarter with the SolutionInn App