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Cost Accounting – Marginal Costing
Marginal cost is the change in the total cost when the quantity produced is incremented…
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Cash Budget
Cash budget comes under the category of financial budget. It is prepared to calculate budgeted…
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Flexible Budget
Flexible budget provides logical comparison. The actual cost at the actual activity is compared with…
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Flexible Budget Vs. Fixed Budget
PointsFlexible BudgetFixed BudgetFlexibilityDue to its nature of flexibility, it may be quickly re-organized according to…
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Going Concern Concept
Our accounting is based on the assumption that a business unit is a going concern.…
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Types of Budgets
Budgets can be categorized in various ways. Let us go through the types of budgets…
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Budget, Budgeting, and Budgetary Control
Let us go through the terms sequentially. Budget Budget represents the objectives of any organization…
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Cost Accounting – Budgeting Analysis
We are all well-familiar with the term budget. Budgeting is a powerful tool that helps the…
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Tools and Techniques of Cost Reduction
The following tools and techniques are used to reduce costs: ● Budgetary Control ● Standard Costing ● Simplification…
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Material Control
Cost reduction program should be run by purchasing economical and more useful material. Economic Order…