What is one cost accounting framework or model that can be used to measure the cost effectiveness

Fantastic news! We've Found the answer you've been seeking!

Question:

What is one cost accounting framework or model that can be used to measure the cost effectiveness of an organization?

answer minimum 200 In your own words.

Posted Date: May 13, 2024 06:03 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Risk Analysis and Management of Construction and Operations in Offshore Wind Power Project Abstract: Many countries have increased the use of renewable energy and strongly promoted offshore wind...
(a) Explain how a limit worth may be tended to at run-time, both in a syntaxtree middle person and in collected code. What is the importance word "settled" already? [3 marks] (b) Give a model program...
A job order cost accounting system is fully integrated into the general ledger of a company. Identify the major general ledger accounts used in a job order cost system. Explain how manufacturing...
Employee says she was forced to quit her job because of her status as a mother of young children. She claimed that her female supervisor created a hostile work environment that violated Title VII....
Generally, companies follow one of two broad cost strategies: offering a quality product at a low price, or offering a unique product or service priced higher than the competition. Is it possible to...
A steam condenser employed in a power plant handles 35,000 kg of dry air per hour and saturated steam at 50 C. The cooling water enters the condenser at 15 C and leaves at 25 C. The tubes (made of...
Keith Sellers, a new CPA, is establishing an accounting practice and has decided to specialize in performing compilations. He stated, "Because CPAs provide no assurance in compilation reports, they...
Government auditing standards require external quality reviews to a. Demonstrate independence. b. Assure investors of audit competence. c. Increase competition among accounting firms. d. Assure that...
Organizations that issue standards affecting government audits include all of the following except the a. OMB. b. AICPA. c. SEC. d. GAO.
In a compliance audit, an auditor is concerned with whether an entity's transactions are in conformance with a. Management objectives. b. Board of director directives. c. Laws and regulations. d....
An operational audit report is not likely to be addressed to the a. Department supervisors. b. Audit committee. c. Stockholders. d. Top management.

What is one cost accounting framework or model that can be used to measure the cost effectiveness

Question:

Expert Answer:

One cost accounting framework that can be used to measure the cost effectiveness of an organization is ActivityBased Costing ABC ABC is a method used ... View the full answer

Students also viewed these accounting questions