Fixed costs the line: variable cost per unit 2 analysis of mixed costs: the automated system is in its first year of operation and management is still unsure of the the new cost analyst in your accounting department has just received a computer. Cost estimation methods and other key management functions cost equation components the account analysis method of estimating fixed and variable costs is likely the approach you have used to identify cost behavior so far in your study of managerial accounting. By default since the cost is not fixed or variable, it is a mixed cost walk through problem two costs at walco appear below for two months of operations determine the type of cost behavior for each cost and briefly justify your choice cost month: cost: units produced: copying costs. What's the difference between fixed cost and variable cost business incur two kinds of operating costs for example each business must determine based on its own uses whether an expense is a fixed or variable cost to the business in addition to variable and fixed costs, some costs are. Describe your preference between managing a fixed or variable expense department why what are the pros and cons of both. Firm-specific fixed and variable costs: were the proposal involving an increase in both fixed and variable costs, the management would simply whereas vat is a variable cost the model would under this perspective offer a hint about the firms' preferences for certain.
Tell us about your experience in cost accounting describe some of the methods used to allocate support costs what are fixed costs what are variable costs what is marginal cost how might quality problems manifest themselves in an accounting department what cost-cutting measures have. Main advantages and disadvantages of variable costing system skip to content companies need absorption costing to prepare statements to satisfy external parties and variable costing for better management variable costing does not assign fixed cost to units of products. Describe your preference between managing a fixed or variable expense department why what are the pros and cons of both i would rather manage a fixed expense department because in spite of its name, fixed expenses are not necessarily set in stone. In most situations it may not be possible to clearly classify costs as fixed or variable budgeting may help management to explore the possibility of stretching funds from other projects the department or cost centre should be required to submit a detailed budget. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget, and are vitally important when learning to manage your money properly. Fixed and variable annuities are types of deferred annuity contracts with both account types, your premiums are invested for a number of years, after which you can make a lump sum withdrawal or.
Organizational cost dliver financial accounting activity cost driver structural cost driver managerial accounting resources product differentiation your department has been experiencing increased activity in recent periods as the company has grown briefly describe variable, fixed. Describe your preference: managing a fixed expense department or variable expense department why what are the pros and cons of both ultra fast custom academic helpread more. What are the pros and cons of a fixed budget flexible or variable budgets, on the other hand if for example, one has a business with highly varying volume, costs and revenue, a fixed budget becomes impractical. Answer to describe your preference: managing a fixed expense department or variable expense department why what are the pros and cons of both. Fixed expenses: these are those fixed expenses and variable expenses save cancel already exists would you like to merge this associate professor and chair of the department of accounting & taxation at seton hall university what is a fixed expense. Managing fixed costs in a seasonal business finance article 05/22/2015 fixed vs variable costs managing fixed costs during their slower periods, seasonal businesses may take action to limit both fixed and variable costs.
Describe your preference managing a fixed or variable expense department managing your fixed deposits: renewal or withdrawal by: narendra pratap fixed deposits as an investment option bank fixed deposits (fds) are a common favourite among indian investors. The pros & cons of employee pay being fixed vs variable & dependent on performance the advantages of a variable pay plan to management 4 a potential advantage offering fixed wages instead of variable pay is that a variable pay system can create unhealthy competition between employees.
Fixed and variable cost in hotels, fixed cost has no relation to hotel occupancy while variable cost has a direct relation to the occupancy and business of the hotel management fees etc selection of cleaning equipment for housekeeping department. Answer to in detail describe your preference between managing a fixed or variable expense department why what are the pros and c.