Cost-Volume-Profit Analysis
Cost-Volume-Profit (CVP) analysis is a managerial accounting tool used to study the relationship between a company’s sales volume, revenues, costs, and profits. CVP analysis helps …
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Cost-Volume-Profit (CVP) analysis is a managerial accounting tool used to study the relationship between a company’s sales volume, revenues, costs, and profits. CVP analysis helps …
Marginal costing is a cost accounting technique that focuses on the behavior of costs and how they change with changes in the level of production. …
Variable costing is a cost accounting method that focuses on the costs associated with producing a product or service. This method categorizes costs as either …
The Profit-Volume (P/V) Ratio is a financial ratio that indicates the relationship between the contribution margin and sales revenue. It is also known as the …
Budget administration is the process of managing and overseeing the budgeting process within an organization. It involves ensuring that the budget is developed, implemented, and …
Budgetary control is a process of monitoring and controlling the actual financial performance of an organization against the budgeted or planned financial performance. It involves …
Budgeting is a critical management tool used by organizations to plan and control their financial resources effectively. A budget is a detailed financial plan that …
Control ratios are financial metrics used by businesses to monitor and manage various aspects of their operations. They are calculated by comparing certain financial figures, …
Performance budgeting Performance budgeting is a budgeting approach that focuses on achieving specific outcomes and results. This approach prioritizes resources based on the expected outcomes …
Disposition of variances is the process of determining what actions should be taken in response to the variances identified through variance analysis. Variances can be …