Discuss the role of cost accounting in managerial decision
making?
Answer Posted / muhammad ramzan
cost accounting is important for knowing real cost of a
product,controlling abnormal wastages, etc in a company.
managers intensely rely on work of cost accountants for
internal decision making like make or buy product, etc.
| Is This Answer Correct ? | 8 Yes | 3 No |
Post New Answer View All Answers
what are the purpose for the preparation of cost centre ?
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
please send me some previous sbi clerical interview questions to my email id....
what is data entry? what is report generation ?in accounting how it is used .
Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?
What three Specific Job Positions do you target from the Industry
What is written off?
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
what are the rules and regulations of junior accountant
what is cost audit?
Have you worked with other on team endeavors
what is the meaning of Processing Vendor/Employee payments