সোমবার, ২২ জুলাই, ২০১৩

Narrate the techniques of cost Accounting / Management Accounting.



Narrate the techniques of cost Accounting / Management Accounting are given below-
·         Cost & Management Accounting The Process of Identifying Measuring Analyzing Interpreting Communicating Information
·         Techniques The Make or Buy Decision Just-In-Time Inventory Management Budgeting Variance Analysis Const-Volume-Profit Analysis Activity Based Costing Linear Programming Enterprise Cost Management
·         The Make or Buy Decision A decision concerning whether an item should be produced internally or purchased from an outside supplier is called a “Make or Buy” decision. Let’s look at the Astech Company example.
·         The Make or Buy Decision Astech manufactures part 4A that is used in one of its products. The unit product cost of this part is:
·         The Make or Buy Decision DECISION RULE In deciding whether to accept the outside supplier’s offer, Astech isolated the relevant costs of making the part by eliminating : The sunk costs. The future costs that will not differ between making or buying the parts.
·         Techniques The Make or Buy Decision Just-In-Time Inventory Management Budgeting Variance Analysis Const-Volume-Profit Analysis Activity Based Costing Linear Programming Enterprise Cost Management
·         Impact of JIT Inventory Methods In a JIT inventory system . . . Production tends to equal sales . . . So, the difference between variable and absorption income tends to disappear.
·         Techniques The Make or Buy Decision Just-In-Time Inventory Management Budgeting Variance Analysis Const-Volume-Profit Analysis Activity Based Costing Linear Programming Enterprise Cost Management
·         Inventory Management
·         Quantity Discounts Avoid Disturbance Reduce number of ordering / setup Hedge against inflation Meet Unexpected Demands Quantity Discounts When to order How much to order Buffer Stock Maximum Inventory How often to review stock E O Q R O P
·         Techniques The Make or Buy Decision Just-In-Time Inventory Management Budgeting Variance Analysis Const-Volume-Profit Analysis Activity Based Costing Linear Programming Enterprise Cost Management

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