Computation of Material variances
by Material cost variance is the difference between the actual cost of direct material used and standÂard cost of direct materials specified for the output achieved. …
Tag: Standard Costing
Computation of Overhead Variances
The analysis of factory overhead variances is more complex than variance analysis for direct materials and direct labour. There is no standardisation of the terms …
Cost Accounting and Management Accounting
Cost Accounting: Deal with: Cost accounting deals with ascertainment, allocation, appointment and accounting aspect of costs. Base: Cost accounting provides a base for management accounting. …
Project Beta, Portfolio Beta
Project Beta For simplicity throughout previous chapters we have used a general beta factor (b) applicable to the overall systemic risk of portfolios, securities and projects. But now our …
Introduction, Objectives of Make and Buy Decisions
Introduction, Objectives of Make and Buy Decisions
Methods of Budgeting
Four (4) Main Types of Budgets / Budgeting Methods 1. Incremental Budgeting Incremental budgeting takes last year’s actual figures and adds or subtracts a percentage …
Make or Buy Decision
The make-or-buy decision is the act of making a strategic choice between producing an item internally (in-house) or buying it externally (from an outside supplier). …
Reconciliation of Financial and Cost Accounting
Reconciliation of Cost and Financial Accounts is process to find all the reasons behind disagreement in profit which is calculated as per cost accounts and …
Application of Marginal costing in Managerial decision making
Application of Marginal costing in Managerial decision making
Balanced Scorecard, Perspectives, Need, Key Performance
Balanced Scorecard, Perspectives, Need, Key Performance
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